The Stoxx Europe 600 Index will clip a monthly increase with European stock-index futures falling, as investors anticipate that the Federal Reserve may start scaling back its monetary stimulus sooner than expected. U.S. index futures and Asian shares also fell.
Futures on the Euro Stoxx 50 Index expiring in December dropped 0.3 percent to 3,023 at 7:17 a.m. in London. The Stoxx 600, the broader region-wide benchmark, has increased 3.3 percent in October, gaining for the second consecutive month. Contracts on the U.K.’s FTSE 100 Index lost 0.2 percent today. Standard & Poor’s 500 Index futures slid 0.3 percent, while the MSCI Asia Pacific Index slipped 0.8 percent.
The Federal Open Market Committee announced yesterday that it would maintain its $85 billion in monthly bond purchasing, but talked of signs of underlying strength of the need to wait to see more evidence of sustained improvement.