U.S. Stock Futures Edge Down Ahead of Inflation Data
May 12 2021 - 4:11AM
Dow Jones News
U.S. stock futures edged lower a day after the Dow Jones
Industrial Average suffered its steepest one-day decline since
February, and ahead of a fresh read on inflation.
S&P 500 futures fell 0.3% and futures tied to the Dow were
down 0.3%. The contracts don't necessarily predict movements after
the markets open.
In Europe, the Stoxx Europe 600 added 0.3% in morning trade. Led
by gains in information technology and real-estate sectors.
The U.K.'s FTSE 100 rose 0.4%. Other stock indexes in Europe
also mostly climbed as France's CAC 40 traded broadly flat and
gained 0.1%, the U.K.'s FTSE 250 climbed 0.5% and Germany's DAX
meandered near the flat line.
The Swiss franc slipped 0.2% against the U.S. dollar, with 1
franc buying $1.10. The euro was flat against the dollar, with 1
euro buying $1.21. The British pound strengthened 0.1% against the
U.S. dollar, with 1 pound buying $1.41.
In commodities, international benchmark Brent crude was up 0.6%
to $68.93 a barrel. Gold declined 0.1% to $1,834.70 a troy
ounce.
The German 10-year bund yield was down to minus 0.165% and the
yield on 10-year U.K. government debt known as gilts declined to
0.827%. The 10-year U.S. Treasury yield slipped to 1.617% from
1.623% on Tuesday. Bond yields and prices move inversely.
Indexes in Asia were mixed as Hong Kong's Hang Seng traded
mostly flat and added 0.1% and China's benchmark Shanghai Composite
rose 0.6%, whereas Japan's Nikkei 225 index fell 1.6% after trading
higher 0.8% during the session.
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(END) Dow Jones Newswires
May 12, 2021 03:56 ET (07:56 GMT)
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