S&P Futures and Global Markets Decline

 S&P Futures and Global Markets Decline

U.S. futures and global stock markets traded lower, while government bonds rose in price, as investors continued to scale back bets on robust growth and inflation.

Market action in recent days has represented a partial reversal of what analysts and investors dub the “reflation trade,” a bet on companies and assets that stand to do best in an environment of solid economic expansion and quickening inflation.

Last week, the Federal Reserve signaled that it could raise interest rates sooner than previously forecast, helping drive the Dow Jones Industrial Average to its worst week in nearly eight months.

By early afternoon in Hong Kong, E-mini S&P 500 futures fell 0.5%, pointing to a lower open for U.S. stocks on Monday.

In regional markets, Japan’s Nikkei 225 fell 3.8%, while Australia’s S&P/ASX 200 dropped 1.6% and Hong Kong’s…

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