Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

US Futures Up, European Stocks Fall as Investors Brace for Higher Rates for Longer

iHub News
Latest News
September 22 2023 12:06AM

In the U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average rose 0.2%. Changes in futures do not necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 declined 0.3% in morning trading. Adevinta climbed 19.5% and Schibsted added 12.2%. On the other hand, NEL dropped 3.1%, and Phoenix Group Holdings fell 3.1%. The FTSE 100 lost 0.1%. Other stocks in Europe were down as France’s CAC 40 decreased 0.7% and Germany’s DAX dropped 0.3%.

The Wall Street Journal Dollar Index rose 0.2% to 99.76.

In commodities, Brent crude rose 0.4% to $93.65 a barrel, and WTI crude gained 0.6% to $90.13 a barrel.

The German 10-year Bund yield fell by 3 basis points to 2.706% from 2.74%, and the yield on the 10-year U.S. Treasury fell by 3 basis points to 4.469% from 4.494%. Bond prices and yields move in opposite directions.

Stocks in Asia were mixed as Japan’s Nikkei 225 index dropped 0.5%, whereas Hong Kong’s Hang Seng gained 1.7%. China’s benchmark Shanghai Composite gained 1.5%.

Source: Dow Jones Newswires