U.S. Stock Futures Edge Down

- Advertisement -

U.S. stock futures slipped ahead of the Federal Reserve’s ”beige book” report on the state of the economy.

S&P 500 futures edged down 0.1% and futures tied to the Dow Jones Industrial Average shed 0.1%. The contracts don’t necessarily predict moves after the markets open.

Europe stocks climbed Wednesday for a two-day winning streak.

The Stoxx Europe 600 added 0.4% in morning trade, and it is at its highest level in a year. Financials and healthcare sectors led gains while communication services and utilities sectors lost ground.

The U.K.’s FTSE 100, which is dominated by large international businesses, rose 0.6%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 gained 0.4%, U.K.’s FTSE 250 rose 0.4% and Germany’s DAX added 0.4%.

The British pound slipped 0.1% against the dollar, with 1 pound buying $1.41 whereas the Swiss franc and the euro traded flat against the U.S. dollar.

In commodities, international benchmark Brent crude was up 0.8% to $70.78 a barrel. Gold fell 0.2% to $1,900.80 a troy ounce.

The yield on German 10-year bunds was down to minus 0.190% and the yield on 10-year U.K. government debt known as gilts declined to 0.816%. 10-year U.S. Treasury yields were down to 1.602% from 1.613%. Yields move inversely to bond prices.

Stocks in Asia were mixed as Japan’s Nikkei 225 index climbed 0.5% after falling as much as 0.8% during the session, whereas Hong Kong’s Hang Seng lost 0.6% and China’s benchmark Shanghai Composite was lower 0.8%.

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


Nicole Pereira/Associated Press

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Latest news

International criticism of Nicaragua crackdown grows

MANAGUA, Nicaragua (AP) —...

Fed’s Powell Reports to Lawmakers on Pandemic Programs

WASHINGTON—Federal Reserve Chairman ...
Related news


Please enter your comment!
Please enter your name here