US futures and European stocks slide on concerns about economic recovery as robust Chinese GDP boosts Asian markets

US and European stocks fell on Monday, while Asian stocks benefited from strong Chinese GDP. US futures and European stocks fell on Monday as investor concerns over stricter coronavirus restrictions and lockdowns sparked a slow start to the week. “There won’t be so much going on in the markets today,” Deutsche Bank economists said when the US stock and bond markets closed on January 18 for Martin Luther King Jr. Day. But after the likely lull on Monday, the coming week is expected to be full. The inauguration of President-elect Joe Biden on Wednesday was an “obvious focus,” they said. The US futures fell 0.2%. President Trump’s decision to limit licensing to Huawei suppliers also appeared to weigh on sentiment. Market participants anticipate further stimulus measures and are keen to see Joe Biden provide more details on his ambitious economic agenda, said Milan Cutkovic, market analyst at Axi.