US stock futures tumble as investors fret about economic recovery, while bond yields slide for 8th straight day

US stock futures tumble as investors fret about economic recovery, while bond yields slide for 8th straight day

US stock futures fell sharply on Thursday, as doubts crept in about the strength of the global economic recovery, and concerns grew about the delta coronavirus variant. Meanwhile, bond yields fell for the eighth session in a row as investors bet that inflation would be weaker than previously expected. fell 1% in European trading on Thursday, after the benchmark US index rose 0.34% a day earlier. futures dropped 1.05% and slipped 1.08%. Stocks fell sharply in Asia overnight as concerns about economic growth and the new covid variant mounted. China's dropped 1.02% and Tokyo's fell 0.88%. It was a similar story in Europe on Thursday, with the continent-wide down 1.19% and London's 1.34% lower. Bond yields, which move inversely to prices, fell around the world. In the US, the yield on the key slipped 6.1 basis points to 1.260% in European trading, putting it on track for its eighth straight decline and around its lowest since February. Investors have become more cautious in recent weeks as signs have emerged that global growth may be slightly softer than anticipated as countries continue to battle coronavirus. Meanwhile, rapid growth and strong inflation in the US has sparked concerns that the Federal Reserve