In the United States, the futures for the S&P 500 were down by 0.7% and futures for the Dow Jones Industrial Average fell by 0.6%. It’s important to note that changes in futures do not necessarily predict movements after the opening bell.
European Market
In Europe, the Stoxx Europe 600 experienced a decline of 0.7% in morning trading. Orpea saw a climb of 3.8% and Barclays rose by 1.7%. Conversely, TUI lost 5.3%, and Close Brothers Group dropped by 5.2%. The FTSE 100 also lost ground, decreasing by 0.4%. Furthermore, France’s CAC 40 decreased by 0.9% and Germany’s DAX dropped by 0.7%.
Currency and Commodities
The Wall Street Journal Dollar Index climbed by 0.2% to reach 100.2.
As for commodities, Brent crude fell by 1.2% to $90.80 per barrel, while WTI crude dropped by 1.2% to $88.60 per barrel.
Bond Yields
The German 10-year Bund yield experienced a slight increase of 1 basis point to reach 2.805% from 2.799%. Similarly, the yield on the 10-year U.S. Treasury rose by 1 basis point to 4.545% from 4.537%. It’s worth noting that bond prices and yields move in opposite directions.
Asian Market
In Asia, stocks were down with Japan’s Nikkei 225 index dropping by 1.1%, Hong Kong’s Hang Seng falling by 1.8%, and China’s benchmark Shanghai Composite experiencing a decline of 0.4%.