U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average were flat, signaling potential movements at the opening bell.
European Market Performance
In Europe, the Stoxx Europe 600 experienced a 0.3% increase during morning trading. Notable gainers included Scatec, which added 6.7%, and Andritz, which rose by 6%. On the contrary, A.P. Moeller-Maersk B slipped 9.3%, and Uniper lost 3.5%. The FTSE 100 also registered a 0.3% increase. Additionally, France’s CAC 40 increased by 0.2% while Germany’s DAX rose by 0.4%.
Stability in Currency
The Wall Street Journal Dollar Index remained flat at 100.26.
In the commodities market, Brent crude climbed 0.5% to $87.30 a barrel, while WTI crude rose 0.7% to $83.05 a barrel.
The German 10-year Bund yield held steady at 2.723%. On the other hand, the yield on the 10-year U.S. Treasury rose by 1 basis point to 4.673% from 4.663%. It’s important to note that bond prices and yields move in opposite directions.
Asian Market Movement
Stocks in Asia showed positive signs, with markets in Japan closed for the day. Hong Kong’s Hang Seng index gained 2.5%, while China’s benchmark Shanghai Composite saw a gain of 0.7%.