Stocks in Europe and U.S. Futures Rise
Futures for the S&P 500 were up 0.4% and futures for the Dow Jones Industrial Average climbed 0.3% in the U.S. However, changes in the futures market do not necessarily predict movements after the opening bell.
Meanwhile, in Europe, the Stoxx Europe 600 gained 0.4% during morning trading. Stocks such as Orpea and Prosus saw gains of 8.7% and 8.2%, respectively. However, JD Sports Fashion sunk 4.5% and Fresenius Medical Care slipped 3.6%. The FTSE 100 added 0.5%, while France’s CAC 40 increased 0.7% and Germany’s DAX rose 0.5%.
Commodities on the Rise
Brent crude saw a rise of 0.5%, equalling $74.75 a barrel, while WTI crude rose 0.6%, coming in at $69.80 a barrel.
Yields in the Bond Market
The German 10-year Bund yield climbed by 1.7 basis points to 2.331% from 2.313%, and the yield on the 10-year U.S. Treasury rose by 1.6 basis points to 3.74% from 3.724%. It’s important to note that bond prices and yields move in opposite directions.
Mixed Results in Asia
Asian stocks saw mixed results as Japan’s Nikkei 225 index declined by 0.5%, whereas Hong Kong’s Hang Seng gained 2.3%. In China, the benchmark Shanghai Composite gained 1.2%.