U.S. Stock Futures Waver to Start the Week
May 10 2021 - 4:08AM
Dow Jones News
U.S. stock futures were mixed, with technology stocks poised to
edge down while the Dow Jones Industrial Average could add to its
recent string of records.
S&P 500 futures traded flat and Dow futures strengthened
0.2%. Nasdaq-100 futures were down 0.2%. Changes in futures don't
necessarily predict movements after the markets open.
Europe stocks advanced Monday for a two-day run of gains.
The Stoxx Europe 600 gained 0.2% in morning trade, and it is at
its highest level in a year as gains in consumer staples and
consumer discretionary sectors were offset by losses in utilities
and information technology sectors.
Greggs added 6.7% for a two-session winning streak.
Centrica slipped 2.4%.
The U.K.'s FTSE 100 climbed 0.3%. Other stock indexes in Europe
also mostly climbed as France's CAC 40 was broadly flat, the U.K.'s
FTSE 250 rose 0.2% and Germany's DAX meandered after the flat
line.
The British pound was up 0.2% against the U.S. dollar, with 1
pound buying $1.41 whereas the Swiss franc and the euro were
broadly flat against the dollar.
In commodities, Brent crude was up 0.7% to $68.77 a barrel. Gold
was also up 0.1% to $1,834.00 a troy ounce.
German 10-year bund yields strengthened to minus 0.204% and U.K.
10-year gilts yields were up to 0.804%. The 10-year U.S. Treasury
yield strengthened to 1.595% from 1.576% on Friday. Yields move in
the opposite direction from prices.
Indexes in Asia were mixed as Japan's Nikkei 225 index rose 0.5%
and China's benchmark Shanghai Composite climbed 0.3%, whereas Hong
Kong's Hang Seng was down 0.2% after gaining 0.8% during the
session.
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(END) Dow Jones Newswires
May 10, 2021 03:53 ET (07:53 GMT)
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