U.S. Stock Futures Rise Ahead of Yellen's Testimony
U.S. stock futures and international indexes were broadly higher
Tuesday ahead of Janet Yellen's testimony before a Senate committee
where she is expected to support higher spending on coronavirus
Futures tied to the S&P 500 gained 0.6%, and contracts
linked to the Nasdaq-100 advanced 0.9%.
The Stoxx Europe 600 gained 0.4% in morning trade. Energy and
industrials sectors led gains while the consumer discretionary
sector lost ground.
EasyJet added 2.7%. John Wood Group declined 3.1%.
The U.K.'s FTSE 100, which is dominated by large international
businesses, rose 0.6%.
Other stock markets in Europe also mostly climbed as France's
CAC 40 climbed 0.4%, the U.K.'s FTSE 250 added 0.2% and Germany's
DAX gained 0.4%.
The Swiss franc and the euro were up 0.2% against the U.S.
dollar and the British pound was flat against the dollar, with 1
pound buying $1.36.
In commodities, Brent crude oil was up 0.9% to $55.22 a barrel.
Gold also gained 0.7% to $1,842.60 a troy ounce.
German 10-year bund yields strengthened to minus 0.517% from
minus 0.524% and the yield on U.K. 10-year gilts rose to 0.295%
from 0.292%. The 10-year U.S. Treasury yield gained to 1.111% from
1.090%. Yields move in the opposite direction from prices.
Indexes in Asia were mixed as Hong Kong's Hang Seng climbed 2%
and Japan's Nikkei 225 index gained 1.4%, whereas China's benchmark
Shanghai Composite lost 0.8%.
An artificial-intelligence tool was used in creating this
(END) Dow Jones Newswires
January 19, 2021 03:58 ET (08:58 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.