U.S. Stock Futures Edge Higher

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U.S. stock futures edged up, suggesting another day of muted moves for major indexes after the opening bell.

S&P 500 futures added 0.1% and futures tied to the Dow Jones Industrial Average traded flat. Contracts on the Nasdaq-100 gained 0.2%. Changes in futures don’t necessarily predict market moves after the markets open.

In Europe, the Stoxx Europe 600 was largely flat in morning trade, and it is at its highest level in a year as gains in consumer discretionary and energy sectors were balanced by losses in financials and communication services sectors.

SSP Group

slipped 3.3% snapping a three-day run of gains.

The U.K.’s FTSE 100, which is dominated by large international businesses, was down 0.3%. Other stock in Europe were mixed as France’s CAC 40 added 0.1% and Germany’s DAX was broadly flat, whereas the U.K.’s FTSE 250 lost 0.1%.

The British pound strengthened 0.1% against the U.S. dollar, with 1 pound buying $1.42 whereas the Swiss franc and the euro were broadly flat against the U.S. dollar.

In commodities, international benchmark Brent crude was up 0.4% to $72.54 a barrel. Gold declined 0.1% to $1,892.40 a troy ounce.

German 10-year bund yields were down to minus 0.225% and the 10-year gilts yield was down to 0.772%. The 10-year U.S. Treasury yield slipped to 1.523% from 1.527%. Yields and prices move in opposite directions.

Stocks in Asia were mixed as China’s benchmark Shanghai Composite climbed 0.3%, whereas Hong Kong’s Hang Seng shed 0.3% and Japan’s Nikkei 225 index was lower 0.4%.

A trading post on the floor of the New York Stock Exchange on May 22, 2020.



Photo:

brendan mcdermid/Reuters

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