US Futures Flat, European Stocks Up as Rate-Cut Optimism Boosts Mood

U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 gained 0.3% in morning trading. Vestas Wind Systems climbed 2.7% and Samhaellsbyggnadsbolaget rose 2.7%. On the other hand, Uniper dropped 1.7%, and Grafton Group slipped 1.1%. The FTSE 100 added 0.2%. Other stocks in Europe were up as France’s CAC 40 increased 0.2% and Germany’s DAX climbed 0.2%.

The Wall Street Journal Dollar Index dropped 0.3% to 95.42.

In commodities, Brent crude gained 0.2% to $79.69 a barrel, and WTI crude rose 0.1% to $74.18 a barrel.

The German 10-year Bund yield rose by 1 basis point to 1.908% from 1.897%, and the yield on the 10-year U.S. Treasury climbed by 2 basis points to 3.818% from 3.797%. Bond prices and yields move in opposite directions.

Stocks in Asia were mixed as Japan’s Nikkei 225 index fell 0.4%, whereas Hong Kong’s Hang Seng gained 2.5%. China’s benchmark Shanghai Composite climbed 1.4%.

Source: Dow Jones Newswires


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