S&P 500 futures are down -0.54% in overnight trading.

S&P 500 Futures

S and P 500 futures

The move lower in the overnight futures market is coming after Europe and Latin America were hit after data showed a slowdown in growth in China, the world’s second biggest economy.

The International Monetary Fund also lowered its global growth forecast. This is the second IMF downgrade in a row. The IMF cut its forecasts for world economic growth in 2019 to 3.5%, down from 3.7% forecast in October and 3.9% expected in July.