European and Asian shares retreated with U.S. equity index futures as oil prices slumped and Apple Inc.’s results disappointed. Australia’s dollar strengthened after inflation data.
The Stoxx Europe 600 Index fell for a third day and the MSCI Asia Pacific Index retreated from a two-week high amid a barrage of corporate results.
Apple, the world’s largest company, lost as much as 3.1 percent in after-hours U.S. trading following its first annual sales decline since 2001.
Crude oil sank to a three-week low after Russia said it wouldn’t join output cuts planned by OPEC