Equity futures slip ahead of Fed comments

Texas News Today

US equity futures fell ahead of testimony on Capitol Hill from the Federal Reserve Board of Governors and Treasury leaders on the state of the economic recovery.

S&P 500 futures fell 0.4% and Dow Jones Industrial Average 30 futures fell 0.1%. Changes in stock futures do not necessarily predict movement after the market opens.

In Europe, the stock Europe 600 fell 0.3% in morning trading. The information technology and telecom services sector recorded the highest losses, while consumer-oriented and medical sectors grew.

Sage Group posted a 3.5% decline and Coca-Cola HBC down 2.2% for three consecutive sessions.

The British FTSE 100 was curved following the flat line. France’s CAC 40 fell 0.1%, the UK’s FTSE 250 fell 0.5%, and Germany’s DAX fell 0.3%, so most other European equities fell.

The Swiss franc, euro and pound sterling fell 0.4%, 0.1% and 0.2%, respectively, against the US dollar.

Among commodities, Brent crude rose 1% to $79.51 a barrel. Gold fell 0.7% to $1,740.50 per troy ounce.

Germany’s 10-year government bond yield was up to minus 0.186%, and the 10-year UK government debt, known as the UK bond yield, was up to 0.904%. The 10-year US Treasury yield rose to 1.533% from 1.482%. Bond yields move in the opposite direction of price.

Hong Kong’s Hang Seng index rose 1.8% and China’s benchmark Shanghai Composite Index rose 0.5%, while Japan’s Nikkei 225 index fell 0.2%, with Asian stocks mixed.

Trader works on the floor of the New York Stock Exchange on Monday.

Photo:
Brendan McDermid/Reuters

— Artificial intelligence tools were used to create this article.

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