By U.S. futures for the S&P 500 and Dow Jones Industrial Average are slightly down, indicating a cautious start to the trading day. However, it should be noted that changes in futures do not always accurately forecast market movements after the opening bell.
Meanwhile, the Stoxx Europe 600 has started the day with a flat performance. Noteworthy gainers include Bucher Industries AG, which has risen by 2.6%, and argenx, which has climbed by 2.1%. On the other hand, Hays has experienced a significant drop of 13.9%, and Tecan Group has fallen by 5%. The FTSE 100, however, managed to make a modest gain of 0.2%. Other European stocks, such as France’s CAC 40 and Germany’s DAX, remain unchanged.
The Wall Street Journal Dollar Index has seen a slight increase of 0.1%, standing at 96.82.
In commodities, Brent crude has gained 0.9% and is now priced at $76.78 per barrel. Similarly, WTI crude has risen by 0.8% to $71.32 per barrel.
In terms of bond yields, the German 10-year Bund yield has increased by 5 basis points to 2.184% from its previous level of 2.136%. On the other hand, the yield on the 10-year U.S. Treasury has risen by 1 basis point to 4.045% from 4.031%. As a general rule, bond prices and yields move in opposite directions.
Across Asia, stock markets have shown mixed results. Japan’s Nikkei 225 index has gained a solid 1.2%, while Hong Kong’s Hang Seng has experienced a modest decline of 0.2%. China’s benchmark Shanghai Composite has managed to make a modest gain of 0.2%.
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