Stocks drift lower amid G20 decision to drop free trade pledge

|By:, SA News Editor

Stock futures indicate a slightly lower open following a light pre-market news flow; Dow and Nasdaq each -0.1%, Nasdaq -0.2%.

European markets edge lower, with Germany's DAX and France's CAC both -0.3%, and U.K.'s FTSE -0.1%; in Asia, Japan's Nikkei finished -0.3% but China's Shanghai Composte closed +0.4%.

World markets may be a bit unsettled by the G20's decision to drop a decade-old pledge to resist trade protectionism.

In corporate news, Sprouts Farmers Market +6% pre-market after Bloomberg reported that Albertson's has held merger talks with the company, while Deutsche Bank -3% on news it will raise capital by selling shares at a 35% discount to Friday's closing stock price.

U.S. crude oil -1.4% at $48.06/bbl as investors display concern over increased U.S. production.

U.S. Treasury prices are steady, with the benchmark 10-year yield unchanged at 2.50%.