European (SXXP) stock futures fell as Germany and France struggled to overcome a stalemate on the timing for banking union and as data added to concern about the strength of China’s economy. U.S. index futures and Asian shares also retreated. Rio Tinto Group may lead mining companies lower after the shares dropped 2.4 percent in Sydney trading. Fugro NV (FUR) might be active after CGGVeritas announced a plan to buy the company’s seismic division for 1.2 billion euros ($1.6 billion). Syngenta AG (SYNN) may also move after the world’s largest agrochemicals company, raised its 2020 sales target. Futures on the Euro Stoxx 50 Index, a benchmark for the euro region, slipped 0.6 percent to 2,546 at 7:29 a.m. in London. Futures on the U.K.’s FTSE 100 Index (UKX) expiring in December slid 0.9 percent. Contracts on the Standard & Poor’s 500 Index fell 0.2 percent after the benchmark gauge erased gains in the final minutes of trading last week. The MSCI Asia Pacific Index lost 0.4 percent. “There is a lack of positive catalysts to drive the markets higher,� said Stan Shamu, a market strategist at IG in an e-mail from Melbourne. “It seems like a fresh bout of uncertainty is brewing around China and Europe.� Chancellor Angela Merkel and President Francois Hollande clashed over the weekend on when to start joint oversight of the euro area’s banking industry. Merkel rebuffed Hollande’s appeal to activate oversight of the banking union “the earlier, the better.� Deadlock over regulation may delay until next year a key building block in resolving the single currency’s debt crisis. Chinese Manufacturing In China, manufacturers and retailers are less optimistic about sales than they were three months ago and are cutting jobs, according to the findings of a survey by New York-based researcher CBB International LLC. The findings build on economic data indicating that manufacturing, trade and retail sales slowed in the third quarter, pointing to a seventh straight deceleration in growth and potentially the weakest annual expansion in 22 years. European stocks are trading near their highest valuation since 2010. The benchmark Stoxx Europe 600 Index has surged 18 percent from this year’s low on June 4 as the European Central Bank and the Federal Reserve opted for bond-buying programs. Rio Tinto Rio Tinto may lead commodity producers lower as copper extended its first weekly drop in three on the London Metal Exchange. The world’s third-largest mining company dropped 2.4 percent to A$54.97 in Sydney trading. Fugro might be active after CGGVeritas said it will finance one-third of the purchase with equity and the other two-thirds debt with debt. The acquisition will add to its earnings from 2013. Syngenta may be active after the company increased its 2020 target for sales by $3 billion as it accelerates the introduction of new technology and benefits from a reorganization. Revenue will reach $25 billion by the end of the decade, up from a previous goal of $22 billion, the company said today. 1 To contact the reporter on this story: Sarah Jones in London at sjones35@bloomberg.net To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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