Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 1.1 percent, Dow Jones futures down 1 percent and Nasdaq 100 futures down 1.5 percent, as investors were poised to book recent hefty gains.
European shares were down in early trade on Monday, as banks such as HSBC
Banking stocks were also down in Asia. China Construction Bank Corp <0939.HK> shares dropped 7 percent in late trade, hit by renewed expectations that Bank of America
On the macro side, a Chinese top central banker said the government's stimulus has worked better than expected and crude imports data showed a spike in demand. China's economy is expected to sustain rapid growth for some period in the future, Deputy Central Bank Governor Su Ning told a financial conference.
American International Group Inc (AIG)
In the pharma sector, AstraZeneca Plc
Among companies due to report on Monday are Ambac Financial Group
U.S. stocks surged on Friday, lifted by reassuring jobs data and banks' stress test results.
The Dow Jones industrial average <.DJI> gained 164.80 points, or 1.96 percent, to 8,574.65. The Standard & Poor's 500 Index <.SPX> rose 21.84 points, or 2.41 percent, to 929.23. The Nasdaq Composite Index <.IXIC> climbed 22.76 points, or 1.33 percent, to 1,739.00.
Since reaching a floor in early March, the Dow Jones industrial average is up 32.5 percent and the S&P 500 is up 39.4 percent.
(Reporting by Blaise Robinson; Editing by Jon Loades-Carter)