U.S. Stock Futures Edge Down Ahead of Fed Decision
March 17 2021 - 5:14AM
Dow Jones News
U.S. stock futures ticked lower as investors awaited the latest
policy decision from the Federal Reserve.
Futures on the S&P 500 were down 0.1% and futures tied to
the Dow Jones Industrial Average traded flat. The contracts don't
necessarily predict market moves after the markets open.
In Europe, the Stoxx Europe 600 shed 0.1% in morning trade as
gains in consumer staples and financials sectors were mostly offset
by losses in consumer discretionary and information technology
sectors.
SSP Group declined 2.8% for a two-day losing streak.
The U.K.'s FTSE 100 fell 0.1%. Other stock indexes in Europe
were mixed as Germany's DAX meandered after the flat line, whereas
France's CAC 40 was largely flat and the U.K.'s FTSE 250 was lower
0.5%.
The Swiss franc and the euro slipped 0.3% and 0.1% respectively
against the U.S. dollar whereas the British pound strengthened 0.2%
against the dollar, with 1 pound buying $1.39.
In commodities, Brent crude was up 0.4% to $68.65 a barrel. Gold
also strengthened 0.1% to $1,733.10 a troy ounce.
German 10-year bund yields were up to minus 0.331% and 10-year
gilts yields rose to 0.809%. 10-year U.S. Treasury yields gained to
1.632% from 1.622% on Tuesday. Yields move inversely to prices.
Stocks in Asia mostly fell as Hong Kong's Hang Seng was broadly
flat after declining 0.8% earlier, Japan's Nikkei 225 index was
largely flat, and China's benchmark Shanghai Composite was broadly
flat after losing 0.6% during the session.
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(END) Dow Jones Newswires
March 17, 2021 04:59 ET (08:59 GMT)
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