UPDATED 6:00 ET

STOCKS -European stocks dropped for a third day, following Asian shares lower and extending a rout that has wiped about $2.9 trillion from global equities this year. U.S stock-index futures consolidated, while Asian shares fell.

BONDS – U.S. 10-year Treasuries declined for the first time in three days amid speculation that a rally that pushed yields to a three-month low amid tumbling emerging markets and weaker U.S. data is losing momentum.

COMMODITIES – Copper for delivery in three months rose 0.1 percent on the London Metal Exchange, erasing a drop of as much as 0.3 percent.

CURRENCIES – The pound climbed for the first time in six days against the dollar after a report showed a gauge of U.K. construction output unexpectedly accelerated last month.

ECONOMIC DATA – US Factory Orders m/m due at 10:00, NZD Unemployment Rate at 16:45 ET.