U.S. futures for the S&P 500 were down 0.3%, while futures for the Dow Jones Industrial Average climbed 0.1%. However, it is important to note that changes in futures may not accurately predict movements immediately after the opening bell.
Meanwhile, in Europe, the Stoxx Europe 600 experienced a slight gain of 0.1% during morning trading. Notable performers included SEB, which saw a significant climb of 7.7%, and SKF Series B, which rose by 5.9%. On the flip side, H&M Hennes & Mauritz B saw a decline of 9.4%, while Dometic Group dropped by 5.4%. The FTSE 100 also lost 0.2%. Overall, European stocks were mixed with France’s CAC 40 increasing by 0.1% and Germany’s DAX falling by 0.1%.
Dollar Index Rises, Commodities Experience Decline
The Wall Street Journal Dollar Index saw a slight increase of 0.1%, totaling 97.92.
When it comes to commodities, Brent crude experienced a decline of 0.4%, settling at $82.15 per barrel. Similarly, WTI crude dropped by 0.5%, reaching $77.46 per barrel.
Bond Yields and Prices Move in Opposite Directions
The German 10-year Bund yield saw a decline of 7 basis points, moving from 2.274% to 2.203%. Conversely, the yield on the 10-year U.S. Treasury fell by 2 basis points, going from 4.034% to 4.018%. It is important to remember that bond prices and yields typically move in opposite directions.
Mixed Performance in Asian Stock Markets
In Asian stock markets, divergence was observed. The Nikkei 225 index in Japan climbed by 0.6%. On the other hand, Hong Kong’s Hang Seng experienced a decline of 1.4%. China’s benchmark Shanghai Composite also saw a decline of 1.5%.
