European Stock Futures Weaken; Inflation Worries Grow

European stock markets are expected to open lower Thursday, following on from a sharp selloff on Wall Street with investors unnerved by fears over widespread inflation and a potential global economic slowdown. At 2:05 AM ET (0605 GMT), the DAX futures contract in Germany traded 0.9% lower, CAC 40 futures in France dropped 0.8%, and the FTSE 100 futures contract in the U.K. fell 0.7%. European equities are set to take their lead from a dramatic selloff on Wall Street overnight, with the blue-chip Dow Jones Industrial Average dropping over 1,100 points, or 3.6%, its biggest one-day loss since 2020.