U.S. futures for the S&P 500 and Dow Jones Industrial Average are pointing to a negative start, with declines of 0.4% and 0.3% respectively. However, it’s important to note that changes in futures do not always indicate movements post-market open.
In Europe, the Stoxx Europe 600 is struggling, experiencing a significant drop of 1.2% during morning trading. Some companies managed to buck the trend, such as Lindt & Spruengli, which saw a notable rise of 6.6%, and Genus PLC, which added a commendable 2.9%. However, not all stocks fared well, as Viaplay Group Series B slipped 15.3% and Samhaellsbyggnadsbolaget sank 4.7%. The FTSE 100 also took a hit, losing 1.4%. Similar trends were observed in France, where the CAC 40 decreased by 1.3%, and Germany’s DAX fell by 1.1%.
The Wall Street Journal Dollar Index showed a slight increase of 0.1%, reaching a value of 97.95.
Turning to commodities, there was a decline in crude oil prices. Brent crude fell by 1.4% to $77.23 per barrel, while WTI crude dropped 1.5% to $71.35 per barrel.
Looking at bond yields, the German 10-year Bund yield rose by 3 basis points to 2.285% from the previous value of 2.26%. On the other hand, the yield on the 10-year U.S. Treasury declined slightly by 1 basis point to 4.058% from 4.067%. It’s important to remember that bond prices and yields move inversely.
Asian markets have also been impacted, as Japan’s Nikkei 225 index fell by 0.4%, while Hong Kong’s Hang Seng declined significantly by 3.7%. China’s benchmark Shanghai Composite dropped 2.1%.
