U.S. futures for the S&P 500 and Dow Jones Industrial Average remained unchanged. However, it is important to note that changes in futures may not accurately predict market movements after the opening bell.
European Market Performance
In Europe, the Stoxx Europe 600 experienced a 0.4% gain in morning trading. Notable performers included Raiffeisen Bank Intl, which climbed 10.3%, and United Internet, which rose by 6.7%. On the other hand, ProSiebenSat.1 Media slipped by 2.7% and Banco BPM dropped by 2.3%. The FTSE 100 showed positive growth, adding 1.5% to its value. France’s CAC 40 increased by 0.3% and Germany’s DAX rose by 0.2%.
Currency and Commodities
The Wall Street Journal Dollar Index saw a modest rise of 0.1%, reaching 96.63.
Brent crude, a type of oil, experienced a gain of 0.8%, reaching $79.83 per barrel, while WTI crude gained 0.9% and reached $74.63 per barrel.
Bond Yields
The German 10-year Bund yield fell by 3 basis points to 1.99% from its previous value of 2.022%. Similarly, the yield on the 10-year U.S. Treasury declined by 3 basis points to 3.898%, compared to its previous value of 3.932%. As a general rule, bond prices and yields move in opposite directions.
Asian Market Overview
Stocks in Asian markets displayed mixed performance. Japan’s Nikkei 225 index gained 1.4%, while Hong Kong’s Hang Seng climbed by 0.7%. On the other hand, China’s benchmark Shanghai Composite fell by 1%.
