U.S. Futures and European Stocks Show Modest Gains
U.S. futures for the S&P 500 and Dow Jones Industrial Average are up by 0.2% in pre-market trading. It’s important to note that changes in futures may not always accurately predict market movements after the opening bell.
In Europe, the Stoxx Europe 600 index has gained 0.2% in morning trading. Atos and Bank Polska Kasa Opieki are among the top gainers, rising by 8.2% and 7.7% respectively. However, Viaplay Group Series B has experienced a decline of 5.9%, while Ocado Group sunk by 3.4%. France’s CAC 40 and Germany’s DAX also witnessed slight increases of 0.1%.
Dollar Weakens, Crude Oil Prices Remain Steady
The Wall Street Journal Dollar Index has fallen by 0.1% to 100.54.
In commodities, Brent crude has dropped marginally by 0.2% to $90.73 per barrel, while WTI crude remains unchanged at $87.73 per barrel.
Treasury and Bond Yields Show Mixed Movement
The German 10-year Bund yield has risen by 4 basis points to 2.774% from 2.737%. Conversely, the yield on the 10-year U.S. Treasury has increased by 6 basis points to 4.684% from 4.627%. Remember, bond prices and yields move in opposite directions.
Asian Stocks Experience Decline
Asian markets are facing a downturn, with Japan’s Nikkei 225 index falling by 2%, and Hong Kong’s Hang Seng declining by 1%. The benchmark Shanghai Composite in China has also experienced a decline of 0.5%.