US Futures Up, European Stocks Down in the Wake of the U.S. Federal Reserve’s More Dovish Pivot

U.S. futures for the S&P 500 were up 0.5% and futures for the Dow Jones Industrial Average rose 0.4%. Changes in futures do not necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 fell 0.3% in morning trading. DocMorris climbed 12.8% and Assura added 3.7%. On the other hand, Indutrade lost 3.1%, and S4 Capital sunk 3%. The FTSE 100 lost 0.2%. Other stocks in Europe were down as France’s CAC 40 declined 0.4% and Germany’s DAX dropped 0.3%.

The Wall Street Journal Dollar Index dropped 0.1% to 96.76.

In commodities, Brent crude gained 0.2% to $79.88 a barrel, and WTI crude rose 0.1% to $74.28 a barrel.

The German 10-year Bund yield fell by 1 basis point to 1.964% from 1.973%, and the yield on the 10-year U.S. Treasury climbed by 2 basis points to 3.868% from 3.848%. Bond prices and yields move in opposite directions.

Stocks in Asia were mixed as Japan’s Nikkei 225 index fell 1.6%, whereas Hong Kong’s Hang Seng was flat. China’s benchmark Shanghai Composite gained 0.6%.

Source: Dow Jones Newswires


Posted

in

,

by

Tags: