U.S. Futures Show Modest Gains
In the U.S., futures for the S&P 500 and Dow Jones Industrial Average are both up 0.1% ahead of the opening bell. However, it is essential to note that changes in futures do not always accurately predict market movements.
European Stocks Witness Mixed Performance
As morning trading progresses, the Stoxx Europe 600 is down 0.5%. While Mondi PLC and International Distribution Services have both made gains of 4%, S4 Capital has experienced a significant drop of 22.9%, and Nordic Semiconductor has lost 12.1%. The FTSE 100 has also recorded a slight decrease of 0.1%. Furthermore, France’s CAC 40 has declined by 0.6%, and Germany’s DAX has dropped by 0.4%.
Dollar Index Declines Slightly
The Wall Street Journal Dollar Index has fallen by 0.1% to 99.35.
Commodities Experience Modest Increases
Brent crude has gained 0.8% and is now priced at $94.64 per barrel, while WTI crude has risen by the same percentage, reaching $91.54 per barrel.
Bond Yields Show Mixed Movement
The yield on the German 10-year Bund has climbed by 1 basis point to 2.694% from 2.68%, while the yield on the U.S. 10-year Treasury has increased by 2 basis points, standing at 4.348% instead of 4.331%. As a general rule, bond prices and yields move in opposite directions.
Asian Markets Show Varied Performance
While markets in Japan are closed, Hong Kong’s Hang Seng has fallen by 1%. However, China’s benchmark Shanghai Composite has gained 0.3%.
