Futures for the S&P 500 were down by 0.3% and futures for the Dow Jones Industrial Average decreased by 0.2% at the opening bell. It’s important to note that changes in futures may not necessarily predict market movements.
In morning trading, the Stoxx Europe 600 fell by 0.6%. Notable gainers included SalMar, which climbed 3.5%, and InPost, which rose 3.1%. On the other hand, Idorsia experienced a loss of 7.5%, and Vestas Wind Systems dropped by 4.3%. The FTSE 100 also lost 0.7%. France’s CAC 40 declined by 0.8%, and Germany’s DAX dropped by 0.4%.
The Wall Street Journal Dollar Index dropped by 0.1% to 99.15.
Brent crude dropped by 0.3% to $89.76 a barrel, while WTI crude fell by 0.3% to $86.43 a barrel.
The German 10-year Bund yield climbed by 3 basis points to 2.642% from 2.613%, and the yield on the 10-year U.S. Treasury rose by 1 basis point to 4.266% from 4.259%. Keep in mind that bond prices and yields move in opposite directions.
Japanese stocks showed positive movement as the Nikkei 225 index gained 0.6%. However, Hong Kong’s Hang Seng declined by 0.4%. China’s benchmark Shanghai Composite climbed slightly, by 0.1%.