US Futures Down, European Stocks Mixed Ahead of ECB Rate Decision

U.S. futures for the S&P 500 were down 0.8% and futures for the Dow Jones Industrial Average declined 0.4%. Changes in futures do not necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 fell 1.1% in morning trading. Deutsche Bank rose 8.2% and Sodexo climbed 6.7%. On the other hand, Standard Chartered sunk 9.9%, and Straumann Holding lost 8.6%. The FTSE 100 lost 0.7%. Other stocks in Europe were mixed as France’s CAC 40 decreased 1.2% and Germany’s DAX rose 0.1%.

The Wall Street Journal Dollar Index climbed 0.2% to 100.96.

In commodities, Brent crude dropped 0.3% to $88.86 a barrel, and WTI crude fell 0.3% to $85.14 a barrel.

The German 10-year Bund yield rose by 3 basis points to 2.91% from 2.883%, and the yield on the 10-year U.S. Treasury climbed by 1 basis point to 4.972% from 4.961%. Bond prices and yields move in opposite directions.

Stocks in Asia were mixed as Japan’s Nikkei 225 index fell 2.1%, whereas Hong Kong’s Hang Seng fell 0.3%. China’s benchmark Shanghai Composite gained 0.5%.

Source: Dow Jones Newswires


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