U.S. futures for the S&P 500 and Dow Jones Industrial Average show positive trends, with a 0.3% and 0.2% increase respectively. However, it’s important to note that futures do not always accurately predict market movements after the opening bell.
European Markets
In morning trading, the Stoxx Europe 600 index saw a 0.5% climb. Orpea experienced a significant rise of 690.3%, while Siemens Energy increased by 4.4%. Conversely, Alstom suffered an 8.6% loss, and Alcon fell by 7.4%. The FTSE 100 index added 1%. France’s CAC 40 index gained 0.6%, and Germany’s DAX climbed 0.3%.
Currency and Commodities
The Wall Street Journal Dollar Index remained flat at 98.85.
As for commodities, Brent crude stood at $82.48 a barrel, while WTI crude remained at $78.23 a barrel.
Bond Yields
The German 10-year Bund yield observed a decline of 2 basis points, reaching 2.588% from 2.606%. On the other hand, the yield on the 10-year U.S. Treasury remained flat at 4.443%. Remember, bond prices and yields tend to have an inverse relationship.
Asian Stock Market
Asian stocks performed well in this session, as Japan’s Nikkei 225 index gained 2.5% and Hong Kong’s Hang Seng saw a significant increase of 3.9%. China’s benchmark Shanghai Composite also rose by 0.5%.
