U.S. Stock Futures Pull Back Ahead of Data
March 23 2021 - 5:14AM
Dow Jones News
U.S. stock futures pulled back ahead of data on manufacturing
and home sales and testimony from the heads of the Federal Reserve
and Treasury Department on their agencies' responses to the
pandemic.
Futures on the S&P 500 slipped 0.4% and futures on the Dow
Jones Industrial Average fell 0.4%. The contracts don't necessarily
predict market moves after the markets open.
In Europe, the Stoxx Europe 600 was down 0.6% in morning trade,
dragged lower by declines in the information-technology and
real-estate sectors.
Hammerson rose 2.5% snapping a four-day losing streak.
The U.K.'s FTSE 100, which is dominated by large international
businesses, shed 0.7%. Other stock indexes in Europe also mostly
fell as France's CAC 40 declined 0.6%, the U.K.'s FTSE 250 lost
0.4% and Germany's DAX was down 0.7%.
The Swiss franc, the euro and the British pound were down 0.5%,
0.2% and 0.1% respectively against the U.S. dollar.
In commodities, international benchmark Brent crude slipped 1.5%
to $63.64 a barrel. Gold also slipped 0.1% to $1,736.50 a troy
ounce.
German 10-year bund yields declined to minus 0.334% and 10-year
U.K. government debt known as gilts yields slipped to 0.792%.
10-year U.S. Treasury yields fell to 1.656% from 1.682% on Monday.
Yields move inversely to prices.
Stocks in Asia mostly slipped as Hong Kong's Hang Seng fell
1.4%, Japan's Nikkei 225 index declined 0.6% after gaining 0.8%
during the session, and China's benchmark Shanghai Composite was
down 0.9%.
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(END) Dow Jones Newswires
March 23, 2021 04:59 ET (08:59 GMT)
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