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US Futures Rise, European Stocks Climb as Markets Focus on US, Eurozone Inflation Data

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September 29 2023 12:09AM

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

In Europe, the Stoxx Europe 600 gained 0.7% in morning trading. Future PLC rose 8.4% and Commerzbank added 6.2%. On the other hand, MorphoSys dropped 4.5%, and Melrose Industries fell 1.3%. The FTSE 100 added 0.5%. Other stocks in Europe were up as France’s CAC 40 increased 0.5% and Germany’s DAX climbed 0.5%.

The Wall Street Journal Dollar Index dropped 0.3% to 99.79.

In commodities, Brent crude climbed 0.3% to $93.36 a barrel, and WTI crude climbed 0.3% to $91.99 a barrel.

The German 10-year Bund yield fell by 6 basis points to 2.868% from 2.931%, and the yield on the 10-year U.S. Treasury fell by 3 basis points to 4.551% from 4.578%. Bond prices and yields move in opposite directions.

Stocks in Asia were mixed as Japan’s Nikkei 225 index was flat, whereas Hong Kong’s Hang Seng declined 1.4%. Markets in China were closed.

Source: Dow Jones Newswires