US Futures Flat, European Stocks Fall After Weak China Data

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 0.4% in morning trading. MorphoSys added 4.5% and Bank of Ireland Group climbed 1.8%. On the other hand, Bakkafrost lost 7.7%, and Financiere Richemont sunk 7.4%. The FTSE 100 lost 0.2%. Other stocks in Europe were down as France’s CAC 40 declined 0.7% and Germany’s DAX fell 0.2%.

The Wall Street Journal Dollar Index was flat at 94.82.

In commodities, Brent crude dropped 0.9% to $79.12 a barrel, and WTI crude dropped 1% to $74.69 a barrel.

The German 10-year Bund yield declined by 0.2 basis points to 2.511% from 2.513%, and the yield on the 10-year U.S. Treasury fell by 0.6 basis points to 3.826% from 3.832% Bond prices and yields move in opposite directions.

Stocks in Asia were mixed. Markets in Japan were closed. Hong Kong’s Hang Seng gained 0.3%. China’s benchmark Shanghai Composite fell 0.9%.

Source: Dow Jones Newswires


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