Global equity futures declined on Friday as investors awaited the preliminary Michigan Consumer Sentiment Index for July, with renewed skepticism surrounding the AI trade weighing on markets. According to FX Street, Dow Jones futures dropped 0.65% to around 52,440 during European trading hours, while S&P 500 and Nasdaq 100 futures fell 0.88% and 1.69%, trading near 7,510 and 28,730 respectively.
FX Street also reported that Deutsche Bank’s Early Morning Reid highlighted a broad slump in global equities driven by growing doubts over AI-related investments. The S&P 500 itself slipped 0.51%, with other major Asian benchmarks including the Nikkei, CSI 300, and Hang Seng experiencing sharp declines.
For Japanese investors, the cautious tone in global markets underscores the importance of closely monitoring upcoming US economic data, as shifts in American consumer sentiment can directly influence risk appetite and capital flows in the region.