U.S. Stock Futures Bounce Higher to Start the Week
March 01 2021 - 4:20AM
Dow Jones News
U.S. stock futures advanced Monday, putting major indexes on
track to reverse some of the losses suffered during the previous
week.
S&P 500 futures strengthened 1.2% and futures tied to the
Dow Jones Industrial Average were up 1.1%. Changes in equity
futures don't necessarily predict movements after the markets
open.
Meanwhile, European stocks climbed, with the pan-continental
Stoxx Europe 600 up 1.6% in morning trade. Gains were led by the
communication-services and information-technology sectors.
ITV rose 3.2% and Halma climbed 2.4%.
The U.K.'s FTSE 100, which is dominated by large international
businesses, gained 1.4%. Other regional indexes in Europe also
mostly climbed as France's CAC 40 added 1.5%, the FTSE 250 climbed
1.5% and Germany's DAX rose 1.3%.
The Swiss franc, the euro and the British pound fell 0.3%, 0.2%
and 0.3% respectively against the U.S. dollar.
In commodities, Brent crude gained 1.8% to $65.58 a barrel. Gold
also strengthened 1.3% to $1,751 a troy ounce.
The German 10-year bund yield declined to minus 0.297% and
yields on 10-year U.K. government debt known as gilts were down to
0.775%. 10-year U.S. Treasury yields declined to 1.414% from 1.459%
on Friday. Yields move in the opposite direction from prices.
Indexes in Asia mostly climbed as Hong Kong's Hang Seng gained
1.5%, Japan's Nikkei 225 index added 2.4% and China's benchmark
Shanghai Composite rose 1.2%.
An artificial-intelligence tool
was used in creating this article.
(END) Dow Jones Newswires
March 01, 2021 04:05 ET (09:05 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
FTSE 100
Index Chart
From Mar 2024 to Apr 2024
FTSE 100
Index Chart
From Apr 2023 to Apr 2024