The 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 do not always indicate how the market will perform once the opening bell rings.
European Stocks
In Europe, the Stoxx Europe 600 experienced a decrease of 0.8% in morning trading. While Telia and EQT saw gains of 7.6% and 7.5% respectively, Uniper faced a loss of 27.4% and Rightmove fell by 13%. The FTSE 100 also suffered a decline of 1%. Other European stocks followed suit, with France’s CAC 40 decreasing by 1% and Germany’s DAX dropping by 0.2%.
The Wall Street Journal Dollar Index
The Wall Street Journal Dollar Index remained steady at 100.71.
Commodity Prices
In terms of commodities, Brent crude oil experienced a decrease of 0.5% and was priced at $91.05 per barrel. WTI crude oil also dipped slightly by 0.1% and was valued at $88.25 per barrel.
Bond Yields
The German 10-year Bund yield saw an increase of 2 basis points, rising from 2.93% to 2.947%. Similarly, the yield on the 10-year U.S. Treasury rose by 5 basis points, climbing from 4.902% to 4.955%. It is important to remember that bond prices and yields typically move in opposite directions.
Asian Stocks
Stocks in Asia endured losses as Japan’s Nikkei 225 index witnessed a decline of 1.9%, while Hong Kong’s Hang Seng dropped by 2.2%. Furthermore, China’s benchmark Shanghai Composite experienced a decrease of 1.7%.