U.S. Stock Futures Edge Down With Bank Earnings on Tap

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U.S. stock futures ticked lower ahead of the first major earnings reports of the season, with results due from

Goldman Sachs

and

JPMorgan Chase

before the opening bell.

S&P 500 futures slipped 0.1% and futures tied to the Dow Jones Industrial Average fell 0.1%. Changes in equity futures don’t necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 was lower 0.2% in morning trade as gains in financials and consumer staples sectors were offset by losses in utilities and consumer discretionary sectors.

The U.K.’s FTSE 100 added 0.2%. Other stock indexes in Europe were mixed as the U.K.’s FTSE 250 also gained 0.2%, whereas France’s CAC 40 was down 0.2% and Germany’s DAX shed 0.2%.

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

In commodities, international benchmark Brent crude rose 0.3% to $75.39 a barrel. Gold also gained 0.3% to $1,811.40 a troy ounce.

German 10-year bund yields declined to minus 0.297% and the yield on 10-year gilts fell to 0.646%. 10-year U.S. Treasury yields edged up to 1.367% from 1.362%. Bond yields and prices move inversely.

In Asia, indexes mostly climbed as Hong Kong’s Hang Seng rose 1.8%, Japan’s Nikkei 225 index climbed 0.5%, and China’s benchmark Shanghai Composite gained 0.5%.

A trader worked on the floor of the New York Stock Exchange on Monday.



Photo:

Richard Drew/Associated Press

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