US Futures, European Stocks Slip Following Hawkish Fed Comments

In the U.S., futures for the S&P 500 were down 0.4% and futures for the Dow Jones Industrial Average decreased 0.4%. Changes in futures do not necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 declined 0.9% in morning trading. Samhaellsbyggnadsbolaget climbed 5.2% and United Utilities Group rose 3%. On the other hand, Gerresheimer dropped 5.4%, and Idorsia lost 5.1%. The FTSE 100 lost 0.8%. Other stocks in Europe were down as France’s CAC 40 decreased 1.4% and Germany’s DAX fell 0.8%.

The Wall Street Journal Dollar Index fell 0.2% to 97.45.

In commodities, Brent crude dropped 0.1% to $76.54 a barrel, and WTI crude gained 0.1% to $71.86 a barrel.

The German 10-year Bund yield climbed by 3.4 basis points to 2.515% from 2.481%, and the yield on the 10-year U.S. Treasury rose by 2.3 basis points to 3.96% from 3.938% Bond prices and yields move in opposite directions.

Stocks in Asia were down as Japan’s Nikkei 225 index fell 1.7%, and Hong Kong’s Hang Seng dropped 2.9%. China’s benchmark Shanghai Composite declined 0.5%.

Source: Dow Jones Newswires


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