US Futures, European Stocks Fall as Investors Weigh Powell’s Comments, Geopolitical Risks

U.S. futures for the S&P 500 were down 0.4% and futures for the Dow Jones Industrial Average declined 0.3%. Changes in futures do not necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 dropped 1% in morning trading. Huhtamaki rose 3.9% and Lifco Series B added 3.5%. On the other hand, DocMorris slipped 17.2%, and Tomra Systems fell 14.2%. The FTSE 100 lost 0.6%. Other stocks in Europe were down as France’s CAC 40 decreased 1.4% and Germany’s DAX dropped 1.2%.

The Wall Street Journal Dollar Index rose 0.1% to 100.61.

In commodities, Brent crude climbed 0.6% to $92.94 a barrel, and WTI crude gained 0.8% to $89.06 a barrel.

The German 10-year Bund yield held steady at 2.918%, and the yield on the 10-year U.S. Treasury declined by 5 basis points to 4.938% from 4.99%. Bond prices and yields move in opposite directions.

Stocks in Asia were down as Japan’s Nikkei 225 index dropped 0.5%, and Hong Kong’s Hang Seng declined 0.9%. China’s benchmark Shanghai Composite declined 0.7%.

Source: Dow Jones Newswires


Posted

in

,

by

Tags: