U.S. Stock Futures Waver Ahead of Fed Update | Sidnaz Blog

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U.S. stock futures wobbled ahead of a policy update from the Federal Reserve and an unusually timed address from President Biden to a joint session of Congress.

Futures on the S&P 500 were flat and Dow Jones Industrial Average futures declined 0.2%. Changes in equity futures don’t necessarily predict movements after the markets open.

In Europe, the Stoxx Europe 600 meandered after the flat line in morning trade as gains in the consumer staples and consumer discretionary sectors were muted by losses in healthcare and information technology.

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climbed 3%.

The U.K.’s FTSE 100 added 0.3%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 gained 0.2%, the U.K.’s FTSE 250 added 0.4% and Germany’s DAX gained 0.4%.

The Swiss franc, the euro and the British pound dropped 0.4%, 0.2% and 0.1% respectively against the U.S. dollar.

In commodities, Brent crude was up 0.4% to $66.11 a barrel. Gold was down 0.7% to $1,766.30 a troy ounce.

German 10-year bund yields were up to minus 0.212% and U.K. 10-year gilts yields rose to 0.812%. 10-year U.S. Treasury yields strengthened to 1.649% from 1.622%. Bond prices and yields move in opposite directions.

Indexes in Asia mostly climbed as Hong Kong’s Hang Seng climbed 0.2%, Japan’s Nikkei 225 index climbed 0.2%, and China’s benchmark Shanghai Composite gained 0.4% after falling as much as 0.5% during the session.

The New York Stock Exchange on Monday.



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