U.S. Stock Futures Slip to Start the Week
U.S. stock futures dropped on Monday, putting major indexes on
track to extend their recent bout of choppy trade.
S&P 500 futures declined 0.8% and futures tied to the Dow
Jones Industrial Average slipped 0.4%. The contracts don't
necessarily predict movements after the markets open.
Europe stocks meanwhile advanced. The Stoxx Europe 600 rose 0.7%
in morning trade. Consumer discretionary and consumer staples
sectors led gains while utilities and information technology
sectors lost ground.
Carnival climbed 7.1%. Micro Focus International fell 6% for a
two-day losing streak.
The U.K.'s FTSE 100 added 0.5%. Other stock indexes in Europe
also mostly climbed as France's CAC 40 gained 0.5%, the U.K.'s FTSE
250 climbed 0.6% and Germany's DAX added 0.6%.
The Swiss franc and the euro dropped 0.2% and 0.1% respectively
against the U.S. dollar whereas the British pound was up 0.2%
against the dollar, with 1 pound buying $1.38.
In commodities, Brent crude gained 1.1% to $70.10 a barrel. Gold
was down 0.1% to $1,696.00 a troy ounce.
German 10-year bund yields strengthened to minus 0.288% and
10-year gilts yields were up to 0.765%. The 10-year U.S. Treasury
yield rose to 1.594% from 1.551% on Friday. Bond yields move in the
opposite directions to prices.
Stocks in Asia mostly slipped as Hong Kong's Hang Seng fell 1.6%
after trading higher 1% during the session, Japan's Nikkei 225
index was lower 0.4% after gaining 1.2% earlier, and China's
benchmark Shanghai Composite lost 2.3%.
was used in creating this article.
(END) Dow Jones Newswires
March 08, 2021 03:53 ET (08:53 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.