US stock index futures retreat on global cues and oil

The major US stock index futures are trading on the back foot following the oil driven risk-off in Asia and Europe.

At the time of writing, Dow futures were down 0.62% or 110 points. S&P futures were down 0.70% as well along with a 0.67% drop in Nasdaq futures.

Asian equities fell, triggering a wave of JPY buying that intensified further in Europe, where Stoxx 600 dropped more than 1.5%. Oil prices have managed to trim losses, but hat has not helped recover risk sentiment.

On macro front, traders would watch out for employment sub-index under ISM non-manufacturing figure.