May 11, 2015 7:05am
DOW futures and NASDAQ futures are DOWN -0.1%
U.S. stock futures struggled to find direction on Monday, as investors brushed aside a Chinese rate cut and waited to see if the markets will follow up on last week’s jobs-fueled rally.
European markets also failed to get a lift from China’s rate cut. Investors are being distracted by a meeting in Brussels of Eurozone finance ministers, who will try again to broker a deal on Greece’s bailout money. The country faces a 750-million-euro (US$837 M) loan repayment to the International Monetary Fund on Tuesday.
Asian stock markets mostly advanced, taking heart from a positive lead from our markets and as China rolled out its third interest rate cut since November.
Data docket: The only data of note for Monday is the labor-market conditions index for April, due around 10 a.m. ET.
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