US Futures Rise, European Stocks Fall as Strong US Retail Sales Stoke Cautious Sentiment

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

In Europe, the Stoxx Europe 600 fell 0.2% in morning trading. Admiral Group rose 5.1% and Glanbia climbed 4.3%. On the other hand, Netcompany Group dropped 7.8%, and Atos sunk 3.1%. The FTSE 100 lost 0.3%. Other stocks in Europe were down as France’s CAC 40 decreased 0.2% and Germany’s DAX fell 0.2%.

The Wall Street Journal Dollar Index fell 0.1% to 97.95.

In commodities, Brent crude dropped 0.1% to $84.83 a barrel, and WTI crude dropped 0.2% to $80.86 a barrel.

The German 10-year Bund yield declined by 1 basis point to 2.666% from 2.676%, and the yield on the 10-year U.S. Treasury declined by 3 basis points to 4.191% from 4.218%. Bond prices and yields move in opposite directions.

Stocks in Asia were down as Japan’s Nikkei 225 index declined 1.5%, and Hong Kong’s Hang Seng declined 1.5%. China’s benchmark Shanghai Composite fell 0.8%.

Source: Dow Jones Newswires


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