U.S. futures for the S&P 500 and Dow Jones Industrial Average both experienced a slight drop of 0.2%. However, it is important to note that changes in futures may not always accurately predict market movements in the hours following the opening bell.
In morning trading, the Stoxx Europe 600 remained relatively unchanged. Sinch saw an impressive increase of 16.6%, while Associated British Foods also saw a positive rise of 6.5%. On the flip side, RS Group experienced a decline of 11.3%, and Demant slipped by 6.4%. The FTSE 100 also displayed a minor decrease of 0.1%. Meanwhile, France’s CAC 40 dropped by 0.1% and Germany’s DAX saw a similar decline of 0.1%.
The Wall Street Journal Dollar Index
The Wall Street Journal Dollar Index observed a rise of 0.3% and is currently at 99.81.
There was a decline in the prices of crude oil, with Brent crude dropping 1.4% to $83.96 per barrel and WTI crude falling by the same percentage to $79.69 per barrel.
The German 10-year Bund yield witnessed a decrease of 2 basis points, from 2.747% to 2.731%. Similarly, the 10-year U.S. Treasury yield declined by 1 basis point, moving from 4.649% to 4.635%. It is worth noting that bond prices and yields typically move in opposite directions.
In Asia, the Nikkei 225 index in Japan experienced a decline of 1.3%, while Hong Kong’s Hang Seng dropped by 1.6%. On the other hand, China’s benchmark Shanghai Composite remained relatively stable.