Stock Futures Extend Recovery From Selloff

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U.S. stock futures ticked higher after a dramatic start to the week that saw a selloff on fears around the Delta variant of Covid-19 largely reverse itself as investors rushed back into equities.

Futures on the S&P 500 strengthened 0.3% and futures on the Dow Jones Industrial Average were up 0.4%. The contracts don’t necessarily predict market moves after the markets open.

In Europe, the Stoxx Europe 600 climbed 1.1% in morning trade with the energy and utilities sectors leading gains.

The U.K.’s FTSE 100 rose 1.2%. Other regional indexes in Europe mostly climbed as France’s CAC 40 gained 1.1% and the U.K.’s FTSE 250 added 0.6%, whereas Germany’s DAX added 0.5%.

The Swiss franc, the euro and the British pound fell 0.1%, 0.2% and 0.2% respectively against the U.S. dollar.

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