U.S. Stock Futures Pause Ahead of Jobs Data
May 07 2021 - 4:07AM
Dow Jones News
U.S. stock futures were little changed ahead of monthly jobs
figures that are expected to signal a rebounding economy.
S&P 500 futures traded broadly flat and futures tied to the
Dow Jones Industrial Average traded flat. Changes in futures don't
necessarily predict movements after the markets open.
In Europe, the Stoxx Europe 600 added 0.6% in morning trade, and
it is at its highest level in a year. Consumer staples and
information technology sectors led gains while the real-estate
sector lost ground.
The U.K.'s FTSE 100 rose 0.4%. Other stock indexes in Europe
also mostly climbed as France's CAC 40 climbed 0.4%, the U.K.'s
FTSE 250 gained 0.6% and Germany's DAX added 1%.
The euro and the British pound gained 0.1% and 0.2% respectively
against the U.S. dollar and the Swiss franc was mostly flat against
the U.S. dollar, with 1 franc buying $1.10.
In commodities, Brent crude was up 0.3% to $68.27 a barrel. Gold
also strengthened 0.3% to $1,820.40 a troy ounce.
The German 10-year bund yield fell to minus 0.221% and the yield
on 10-year U.K. government debt known as gilts slipped to 0.792%.
The yield on 10-year U.S. Treasury strengthened to 1.574% from
1.561% on Thursday. Yields move inversely to prices.
Stocks in Asia were mixed as Hong Kong's Hang Seng was flat
after increasing 0.8% earlier and Japan's Nikkei 225 index traded
broadly flat and gained 0.1%, whereas China's benchmark Shanghai
Composite was lower 0.7%.
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(END) Dow Jones Newswires
May 07, 2021 03:52 ET (07:52 GMT)
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