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.
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.
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%.