US index futures indicated further losses for stocks listed in New York on Monday, following Friday's sharp sell-off and falling equity markets across Europe and Asia.
By late morning trade in London, Dow index futures were down 0.53%, while the S&P 500 futures fell 0.27% and Nasdaq futures lost 0.03%.
While US futures markets indicated opening losses, it appeared the sell-off was unlikely to be as severe as that seen in US markets on Friday, when the Dow lost 2.54%, the S&P 500 shed 2.12% and the Nasdaq slid 1.96%.
Europe and Asia
In Europe, the EuroStoxx 50 index was down 0.95%, while in Asia, Tokyo's Nikkei 225 lost 2.55%.
"Last Friday’s US labour market figures were more upbeat, showing more workers have been added than economists had forecast," said Miles Eakers, chief analyst at Centtrip.
"Despite the positive news, there are concerns the Fed will respond to mounting inflationary pressure by tightening monetary policy faster than has been previously expected.
“This negative sentiment has driven investors to dump government bonds, driving prices lower. As prices fall, yields spike higher. This has taken the US 10-year treasury bond to a new four-year high of 2.8831%. Should yields continue to rise, equity markets will continue to weaken.”