U.S. Stock Futures Edge Up Ahead of Jobs, Services Data
May 05 2021 - 4:09AM
Dow Jones News
U.S. stock futures inched higher ahead of a private employment
report and services data that are likely to reflect efforts to open
up segments of the economy hard hit by pandemic-related
lockdowns.
Futures on the S&P 500 strengthened 0.2% and futures on the
Dow Jones Industrial Average gained 0.2%. The contracts don't
necessarily predict market moves after the opening bell.
In Europe, the Stoxx Europe 600 climbed 0.8% in morning trade.
Communication services and information technology sectors led gains
while the consumer staples sector lost ground.
The U.K.'s FTSE 100, which is dominated by large international
businesses, rose 0.5%. Other stock indexes in Europe also mostly
climbed as France's CAC 40 added 0.5%, the U.K.'s FTSE 250 added
0.3% and Germany's DAX climbed 0.9%.
The Swiss franc, the euro and the British pound fell 0.4%, 0.3%
and 0.1% respectively against the U.S. dollar.
In commodities, international benchmark Brent crude gained 0.8%
to $69.40 a barrel. Gold was flat, at $1,776.60 a troy ounce.
German 10-year bund yields rose to minus 0.226% and the 10-year
U.K. government debt known as gilts yield gained to 0.812%. 10-year
U.S. Treasury yields rose to 1.598% from 1.591%. Yields move
inversely to prices.
In Asia, Hong Kong's Hang Seng declined 0.4%.
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(END) Dow Jones Newswires
May 05, 2021 03:54 ET (07:54 GMT)
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