U.S. Stock Futures Pause With Earnings in Focus | Sidnaz Blog

U.S. stock futures hovered near the flatline as corporate earnings reports continued to roll in and major indexes held near records.

S&P 500 futures traded flat and Dow Jones Industrial Average futures were up 0.1%. Changes in futures don’t necessarily predict movements after the opening bell.

Europe stocks advanced Wednesday. The Stoxx Europe 600 added 0.6% in morning trade, led by gains in the real-estate and information-technology sectors.

The U.K.’s FTSE 100 rose 0.4%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 gained 0.5%, the U.K.’s FTSE 250 climbed 0.2% and Germany’s DAX added 0.3%.

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

In commodities, international benchmark Brent crude fell 0.3% to $66.36 a barrel. Gold rose 0.5% to $1,787.40 a troy ounce.

German 10-year bund yields strengthened to minus 0.254% and U.K. 10-year gilts yields were up to 0.743%. 10-year U.S. Treasury yields strengthened to 1.572% from 1.562%. Yields move in the opposite direction from prices.

Indexes in Asia mostly slipped as Hong Kong’s Hang Seng was lower 1.8% and Japan’s Nikkei 225 index declined 2%.

Investors are looking to results to gauge whether high equity valuations are justified.



Photo:

Courtney Crow/Associated Press

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


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: