U.S. futures for the S&P 500 and Dow Jones Industrial Average remained flat in early trading. However, it’s important to note that futures movements don’t always predict market performance after the opening bell.
European Markets See Gains
In Europe, the Stoxx Europe 600 Index rose by 0.8% during morning trading. Among the top performers, Nokia saw an increase of 2.7%, while Novartis gained 2.5%. On the downside, Travis Perkins dropped by 10.5%, and Cargotec fell by 4.9%.
The FTSE 100 also added 0.8%. Other major European stock indices saw positive movements, with France’s CAC 40 rising 0.7% and Germany’s DAX increasing by 0.9%.
Currency and Commodity Updates
The Wall Street Journal Dollar Index remained flat at 99.79.
In commodities, Brent crude oil gained 0.1%, reaching $74.83 per barrel, while WTI crude also rose by 0.1% to $71.57 per barrel. The European benchmark for natural gas, the Dutch TTF futures contract, increased by 0.8%, reaching 41 euros per megawatt-hour.
Bond Yields and Asian Markets
The German 10-year Bund yield decreased by 4 basis points to 2.704%, down from 2.748%. Similarly, the yield on the 10-year U.S. Treasury dropped by 2 basis points to 4.193% from 4.21%. Bond prices and yields typically move in opposite directions.
In Asia, stocks were mixed. Japan’s Nikkei 225 index remained flat, while Hong Kong’s Hang Seng climbed 0.9%. China’s benchmark Shanghai Composite rose by 0.4%.
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