US Futures, European Stocks Mixed as Inflation Concerns Return

In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average decreased 0.1%. Changes in futures do not necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. Koninklijke Philips rose 5.3% and Afry climbed 3.5%. On the other hand, TAG Immobilien lost 6.8%, and Orron Energy slipped 3.8%. The FTSE 100 lost 0.3%. Other stocks in Europe were mixed as France’s CAC 40 decreased 0.2% and Germany’s DAX rose 0.1%.

The Wall Street Journal Dollar Index was flat at 97.71.

In commodities, Brent crude fell 0.9% to $86.01 a barrel, and WTI crude dropped 1% to $82.36 a barrel.

The German 10-year Bund yield climbed by 1 basis point to 2.632% from 2.626%, and the yield on the 10-year U.S. Treasury rose by 2 basis points to 4.173% from 4.154%. Bond prices and yields move in opposite directions.

Stocks in Asia were down as Japan’s Nikkei 225 index dropped 1.3%, and Hong Kong’s Hang Seng dropped 1.9%. China’s benchmark Shanghai Composite dropped 0.3%.

Source: Dow Jones Newswires


Posted

in

,

by

Tags: