UBS Group AG (UBS) and Credicorp Ltd. (BAP) kicked off the trading day with impressive gains of 4.7% and 4.0% respectively. Other companies also experienced positive movement, with Wayfair Inc. Cl A (W), Skechers USA Inc. Cl A (SKX), and ICL Group Ltd. (ICL) all seeing gains of at least 3%. However, Medical Properties Trust Inc. (MPW) and agilon health inc. (AGL) saw declines of 4.3% and 3.0% respectively in early trading.
Stock Futures and Commodity Updates
While S&P 500 futures slid by 0.05%, futures for the Dow Jones Industrial Average showed a slight rise of 0.01%. The Cboe Volatility Index futures experienced a decrease of 1.35%.
In the commodities market, Brent crude oil futures displayed a positive trend, rising by 0.51%, while gold futures also showed a modest increase of 0.06%. Bitcoin, on the other hand, experienced a slight decline of 0.19% and is currently priced at $29,364.
Treasury Yields and Global Market Recap
The 10-Year Treasury yield dropped to 4.101%. During the previous trading session, the S&P 500 and Dow both saw marginal gains of 0.03% and 0.15% respectively. In Asian markets, China’s Shanghai Composite Index experienced a significant decrease of 2.01%.
European Markets Face Afternoon Decline
European stocks are currently facing a decline, with the STOXX Europe 600 Index falling by 0.73% and the FTSE 100 Index declining by 1.05% from the previous close.
The U.S. stock markets will open for trading at 9:30 a.m. ET. Stay updated with the latest market developments throughout the day.
