European stock-index futures retreated, indicating equities will decline, after Monday’s rally.
Contracts on the Euro Stoxx 50 Index expiring in December slipped 0.5 percent to 3,430 at 7:13 a.m. in London. FTSE 100 Index futures dropped 0.2 percent.
Oil-and-gas producers led European stocks to their biggest gain in six weeks yesterday, helped by the falling euro and oil prices that have held above $ 40 a barrel. Europe’s benchmark gauge was resuming a rally that had stalled earlier this month, after rebounding as much as 12 percent from a September low.
Investors are also awaiting minutes from the Federal Reserve due after the close of European trading to gauge the likelihood of an increase in borrowing costs next month. U.S. inflation data yesterday bolstered the case for higher interest rates.
Among stocks that may move today on corporate news, Barclays Plc may be active. The lender is expected to pay at least $ 100 million to settle an investigation by New York’s banking regulator into whether it abused certain currency-trading program practices, according to a person briefed on the matter.