US Futures, European Stocks Down as Market Dials Back Rate-Cut Bets
January 17 2024 - 4:03AM
Dow Jones News
U.S. futures for the S&P 500 were down 0.4% and futures for
the Dow Jones Industrial Average declined 0.3%. Changes in futures
do not necessarily predict movements after the opening bell.
In Europe, the Stoxx Europe 600 dropped 1.2% in morning trading.
Lindt & Spruengli rose 6.6% and Genus PLC added 2.9%. On the
other hand, Viaplay Group Series B slipped 15.3%, and
Samhaellsbyggnadsbolaget sunk 4.7%. The FTSE 100 lost 1.4%. Other
stocks in Europe were down as France's CAC 40 decreased 1.3% and
Germany's DAX fell 1.1%.
The Wall Street Journal Dollar Index rose 0.1% to 97.95.
In commodities, Brent crude fell 1.4% to $77.23 a barrel, and
WTI crude dropped 1.5% to $71.35 a barrel.
The German 10-year Bund yield rose by 3 basis points to 2.285%
from 2.26%, and the yield on the 10-year U.S. Treasury declined by
1 basis point to 4.058% from 4.067%. Bond prices and yields move in
opposite directions.
Stocks in Asia were down as Japan's Nikkei 225 index fell 0.4%,
and Hong Kong's Hang Seng declined 3.7%. China's benchmark Shanghai
Composite dropped 2.1%.
-This article was automatically generated by MarketWatch.
Write to Barcelona Editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
January 17, 2024 03:48 ET (08:48 GMT)
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