European stocks fell Monday amid ongoing jitters over the Chinese economy following weak manufacturing data.
Japanese stocks, however, extended gains following the Bank of Japan’s decision last week to introduce a negative interest rate policy to boost lending and spur growth.
Europe got off to a weak start with Britain’s FTSE 100 down 0.4 percent to 6,059.68. France’s CAC 40 lost 0.6 percent to 4,392.95 and Germany’s DAX fell 0.5 percent to 9,746.29. Futures augured a lackluster start for Wall Street: Both Dow and broader S&P 500 futures fell 0.6 percent.
An index based on a survey of factory purchasing managers fell to 49.4 in January, its lowest in more than three years, in the latest sign of weakness for the world’s No. 2 economy. January’s reading was down from December’s 49.7; numbers below 50 indicate contraction.