U.S. Stock Futures Pause Ahead of Inflation Data

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U.S. stock futures wavered ahead of jobless numbers and data on consumer prices.

Futures tied to the S&P 500 and the Dow Jones Industrial Average were flat. The contracts don’t necessarily predict market moves after the markets open.

In Europe, the Stoxx Europe 600 added 0.1% in morning trade, and it is at its highest level in a year as gains in healthcare and communication services sectors were tempered by losses in consumer discretionary and financials sectors.

SSP Group

declined 2.1% for a two-day losing streak.

The U.K.’s FTSE 100 gained 0.1%. Other stock indexes in Europe were slightly lower as France’s CAC 40 meandered after the flat line, the U.K.’s FTSE 250 was lower 0.1% and Germany’s DAX lost 0.2%.

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

In commodities, Brent crude was down 0.7% to $71.74 a barrel. Gold also slipped 0.5% to $1,885.50 a troy ounce.

The German 10-year bund yield slipped to minus 0.245% and the yield on U.K. 10-year gilts was down to 0.724%. 10-year U.S. Treasury yields were little changed at 1.488% from 1.489% on Wednesday. Yields move in the opposite direction from prices.

Indexes in Asia mostly climbed as Hong Kong’s Hang Seng rose 0.2%, Japan’s Nikkei 225 index climbed 0.3% and China’s benchmark Shanghai Composite added 0.5%.

The Nasdaq stock exchange was decorated for the initial public offering of Marqeta in Times Square in New York on Wednesday.



Photo:

Richard B. Levine/Zuma Press

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