Stock Futures Tick Higher Ahead of Jobless Figures

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U.S. stock futures gained ahead of weekly jobless figures, suggesting the S&P 500 could add to its string of records.

Futures for the broad index rose 0.3% and futures tied to the Dow Jones Industrial Average gained 0.4%. Changes in equity futures don’t necessarily predict market moves after the opening bell.

In Europe, the Stoxx Europe 600 climbed 0.8% in morning trade with the materials and energy sectors leading gains.

Fresnillo PLC

FRES 4.54%

jumped 2.4% snapping a losing streak of more than a week.

The U.K.’s FTSE 100 added 0.9%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 added 0.8%, the U.K.’s FTSE 250 climbed 0.8% and Germany’s DAX gained 0.6%.

The Swiss franc slipped 0.1% against the U.S. dollar, with 1 franc buying $1.08 whereas the euro and the British pound traded flat against the U.S. dollar.

In commodities, international benchmark Brent crude was up 0.5% to $74.96 a barrel. Gold also strengthened 0.4% to $1,778.40 a troy ounce.

German 10-year bund yields were up to minus 0.189% and the 10-year U.K. government debt known as gilts yield rose to 0.739%. The yield on 10-year U.S. Treasury rose to 1.476% from 1.443%. Bond yields move in the opposite directions to prices.

Indexes in Asia mostly fell as Japan’s Nikkei 225 index shed 0.3% and China’s benchmark Shanghai Composite traded broadly flat and lost 0.1%.

Traders at the New York Stock Exchange during the IPO of Chinese ride-hailing firm Didi on Wednesday.



Photo:

brendan mcdermid/Reuters

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