Stocks Stumble After Winning Streak --2nd Update

Wall Street futures point to a lower open

-- Technology shares gain in Asia

-- Europe markets fall ahead of ECB minutes

The week's equities rebound slowed Thursday, as global benchmarks were mixed following the release of central-bank minutes in the U.S. and Europe.

The Stoxx Europe 600 was down 0.2% after a brief upward swing, while futures signaled the S&P 500 will open 0.2% lower.

The European Central Bank said in its minutes from its last meeting that inflation still needed to show "convincing signs of a pickup."

Minutes from the U.S. Federal Reserve's July meeting were also on the minds of global investors Thursday after it showed disagreement over the timeline for future interest-rate increases in the U.S.

Despite the divisions in the Fed minutes, they still showed agreement over the central bank's plan to soon begin winding down its balance sheet.

"Now that the economy is in a good place with healthy growth and a labor market, the Fed's taken the view the 10-year yield should be a little bit higher," said Mike Bell, global market strategist at JPMorgan Asset Management.

The yield on the U.S. 10-year Treasury yield rose to 2.243% Thursday from 2.224% Wednesday, according to data from Tradeweb.

In U.S. premarket trading, Cisco Systems Inc. fell 2.5%. The technology company was one of the worst performers after reporting that its revenue fell.

In Asia, technology-heavy markets in Taiwan and South Korea advanced. Samsung Electronics climbed 1.8% and some Taiwanese tech stocks made similar advances.

The region's biggest tech company, Tencent, rose 1.9% following stronger-than-expected second-quarter results. Even so, sliding financial and property stocks kept Hong Kong's benchmark Hang Seng pressured, down 0.2%.

Along with geopolitical concerns, the prospect of monetary tightening in developed markets has been a factor in cooling foreign buying of Asian stocks, said Khoon Goh, ANZ's head of Asia research, noting that foreigners have pulled a net $2.8 billion from the region's equity markets, excluding China, this month.

The dollar softened overnight as the market digested the Fed minutes, a decline that continued during Asian trading. The WSJ Dollar Index, which measures the dollar against a basket of currencies, on Thursday was up 0.2%.

The dollar's earlier decline pressured stocks in Japan, with the Nikkei down 0.1%.

Concerns about a stronger yen's impact on Japan's exporters -- a major part of the country's economy -- send exporters' stocks and often the broader market lower when the currency records even moderate gains. But data out Thursday showed Japan's July exports were up 13% from a year earlier, the eighth straight monthly increase.

--Kenan Machado contributed to this article.

Write to Ese Erheriene at ese.erheriene@wsj.com

(END) Dow Jones Newswires

August 17, 2017 08:56 ET (12:56 GMT)