U.S. Stock Futures Tick Greater


    U.S. Stock Futures Tick Higher

    U.S. stock futures inched greater, putting Wall Street on course to end the week with gains as current concerns around inflation have faded.

    Futures on the S&P 500 strengthened 0.3% and futures connected to the Dow Jones Industrial Average rose 0.4%. Changes in futures do not always forecast movements after the marketplaces open.

    In Europe, the Stoxx Europe 600 climbed 0.2% in early morning trade, and it is at its highest level in a year. Energy and utilities sectors led gains while communication services and infotech sectors lost ground.

    The U.K.’s FTSE 100 gained 0.2%. Other stock indexes in Europe also primarily climbed as France’s CAC 40 added 0.2%, the U.K.’s FTSE 250 gained 0.1% and Germany’s DAX climbed up 0.3%.

    The Swiss franc and the euro dropped 0.2% and 0.1% respectively versus the U.S. dollar whereas the British pound was flat versus the dollar, with 1 pound buying $1.42.

    In products, Brent crude slipped 0.1% to $69.13 a barrel. Gold likewise slipped 0.3% to $1,892.10 a troy ounce.

    The yield on German 10-year bunds depended on minus 0.157% and 10-year U.K. government financial obligation called gilts yields depended on 0.826%. 10-year U.S. Treasury yields got to 1.617% from 1.609%. Yields move inversely to bond costs.

    Indexes in Asia were mixed as Hong Kong’s Hang Seng logged a little gain, increasing 0.1% after climbing up to 0.7% throughout the session and Japan’s Nikkei 225 index included 2.1%, whereas China’s benchmark Shanghai Composite shed 0.2%.

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    Published at Fri, 28 May 2021 07:42:00 +0000

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