US Futures, European Stocks Rise on Optimism About Rate Cuts

U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 gained 0.3% in morning trading. Atos added 10.5% and Auto1 Group rose 5.9%. On the other hand, Symrise slipped 9%, and Davide Campari-Milano sunk 3.5%. The FTSE 100 added 0.1%. Other stocks in Europe were up as France’s CAC 40 increased 0.3% and Germany’s DAX climbed 0.5%.

The Wall Street Journal Dollar Index climbed 0.1% to 96.58.

In commodities, Brent crude was flat at $76.61 a barrel, and WTI crude was flat at $71.58 a barrel.

The German 10-year Bund yield declined by 5 basis points to 2.063% from 2.117%, and the yield on the 10-year U.S. Treasury fell by 1 basis point to 3.916% from 3.922%. Bond prices and yields move in opposite directions.

Stocks in Asia were mixed as Japan’s Nikkei 225 index gained 0.9%, whereas Hong Kong’s Hang Seng gained 2.4%. China’s benchmark Shanghai Composite dropped 0.6%.

Source: Dow Jones Newswires


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