U.S. stock-index futures slid as Chinese and European manufacturing contracted, the Dutch government split over austerity measures and French President Nicolas Sarkozy became the first incumbent since 1958 not to win the first round of the nation’s election.
Chinese purchasing managers’ index showed manufacturing in the world’s second-biggest economy contracted for a sixth month in April. The 49.1 preliminary April reading of a PMI from HSBC Holdings Plc and Markit Economics compared with a final 48.3 in March. A number below 50 points to a contraction.
A euro-area composite index based on a survey of services and manufacturing purchasing managers fell to 47.4 this month from 49.1 in March, Markit said in an initial estimate today. Economists had forecast an increase to 49.3, according to the median of 17 estimates in a Bloomberg survey.