By Futures for the S&P 500 in the United States experienced a slight downturn of 0.2%, while futures for the Dow Jones Industrial Average remained flat. It’s important to note that changes in futures may not necessarily reflect market movements after the opening bell.
European Stocks and Shares Mixed
In European markets, the Stoxx Europe 600 saw a decline of 0.2% during morning trading. Hikma Pharmaceuticals recorded a notable increase of 7.1%, and IG Group Holdings also experienced a positive climb of 4.8%. Conversely, Viaplay Group Series B slipped by 28.7%, and Electrolux Series B dropped by 8.5%. The FTSE 100, on the other hand, added a modest 0.2%. France’s CAC 40 decreased by 0.2%, and Germany’s DAX fell by 0.2% as well.
Currency Update
The Wall Street Journal Dollar Index witnessed a minor decline of 0.2%, settling at 95.12.
Developments in Commodities
In commodity markets, Brent crude saw a modest gain of 0.1%, reaching $79.55 per barrel, while WTI crude rose by the same margin to $75.36 per barrel.
Bond Yields and Rates
The yield on the German 10-year Bund witnessed a slight increase of 0.4 basis points, rising from 2.44% to 2.444%. In comparison, the yield on the 10-year U.S. Treasury climbed by 2.5 basis points, reaching 3.78% from 3.754%. It’s crucial to remember that bond prices and yields move in opposite directions.
Asian Stocks Experience Decline
Asian markets depicted a downward trend, with Japan’s Nikkei 225 index falling by 1.2%. Hong Kong’s Hang Seng experienced a decline of 0.3%, while China’s benchmark Shanghai Composite declined by 0.9%.
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