U.S. futures for the S&P 500 were down by 0.1% while futures for the Dow Jones Industrial Average remained flat. However, it’s important to note that changes in futures do not always accurately forecast the market’s performance after the opening bell.
In European markets, the Stoxx Europe 600 experienced a slight gain of 0.1% during morning trading. Powszechny Zaklad Ubez saw a notable increase of 3.8%, followed by a 3.7% rise in Nemetschek. On the flip side, Nordic Semiconductor suffered a significant drop of 11.2%, and Lonza Group slipped by 9.7%. The FTSE 100 also observed a modest growth of 0.3%. Additionally, other stocks in Europe performed well, with France’s CAC 40 increasing by 0.2% and Germany’s DAX rising by 0.2%.
The Wall Street Journal Dollar Index witnessed a slight increase of 0.1%, reaching 100.42.
In the commodities market, Brent crude saw a climb of 0.2%, reaching $89.79 per barrel, while WTI crude remained steady at $86.69 per barrel.
The yield on German 10-year Bunds experienced a rise of 2 basis points, shifting from 2.789% to 2.812%. Similarly, the yield on the U.S. 10-year Treasury also increased by 5 basis points, reaching 4.758% from 4.712%. It’s important to remember that bond prices and yields generally move in opposite directions.
Asian stocks presented a positive outlook, with Japan’s Nikkei 225 index climbing by 1.2% and Hong Kong’s Hang Seng increasing by 0.8%. Meanwhile, China’s benchmark Shanghai Composite observed a slight gain of 0.3%.