U.S. stock market futures tracked global equities and commodities south on Monday after the World Bank cut its China growth view, while last week's strong jobs data raised questions about Federal Reserve stimulus.
Investors were awaiting a meeting of euro-zone finance ministers.
Futures for the Dow Jones Industrial Average fell 43 points, or 0.3%, to 13,493, while those for the Standard & Poor's 500 index fell 5.1 points, or 0.4%, to 1,450.40.
Futures for the Nasdaq-100 index fell 12.75 points, or 0.5%, to 2,791.50.
"The week isn't looking to get off to a pretty start on Wall Street as those upbeat nonfarm payroll figures already seem to have been forgotten and a lower growth forecast from the World Bank for China is now very much front of mind," said Fawad Razaqzada, market strategist at GFT Markets, in a note.
Asia stocks fell, led by resource companies, after the World Bank on Monday cut its forecasts for East Asia growth, saying the Europe crisis is posing a major threat to the region. It cut China's growth forecast to 7.7% in 2012 from an estimate of 8.2% in May.
Downbeat sentiment fed through to Europe, where the Stoxx Europe 600 index fell close to 1%. Commodities fell as investors headed for the perceived safe-haven of the dollar with crude for November delivery down $1.06, or 1.2%, to $88.85 a barrel and gold for December delivery off $8.40, or 0.5%, to $1,772.40.
Along with China worries, investors were also questioning Monday how long the Federal Reserve will extend its quantitative-easing program in the wake of Friday's unexpected drop in the U.S. jobless rate to 7.8%, the lowest level since January 2009.
"It's all adding up to be something of a perfect storm for investors who have seemingly become hooked on round after round of central bank stimulus, but with the ammunition now seemingly depleted from the Fed, ECB [European Central Bank] and BoE [Bank of England] to a case of "more of the same," perhaps the key question is whether the World Bank's verdict will now fire Beijing back into action," said Razaqzada.
Wall Street stocks finished mixed on Friday as enthusiasm over jobs data gave way to caution ahead of the start of quarterly earnings. Alcoa Inc. (AA) will kick off the third-quarter reporting season on Tuesday after the closing bell.
The S&P 500 index finished down 0.47 point to 1,460.93, while the Dow industrials rose 34.79 points, or 0.3%, to end at 13,610.15, the highest closing value since December 2007.
Europe was also in focus again with a meeting of euro-zone finance ministers set for Monday in Luxembourg amid rising concerns over Greece's next aid payment and continuing questions over when, and if, Spain will ask for a bailout. As well, Japan will host meetings of the Group of Seven leading industrialized nations in Tokyo this week.
The dollar benefited ahead of that euro-zone meeting as investors backed away from perceived riskier assets. The ICE dollar index, which measures the U.S. currency against a basket of six rivals, jumped to 79.587 from 79.350 in late North American trading on Friday.
There are no U.S. data on the calendar for Monday as state and federal offices will close for Columbus Day.
Among stocks in focus on Monday, Zynga Inc. (ZNGA) could come under pressure after dropping 14% in late trading on Friday on continuing fallout from a cut in its full-year forecast.
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