Fri. Aug 12th, 2022

U.S. stock futures edged down ahead of an update on the number of Americans filing for unemployment benefits.

S&P 500 futures were down 0.2% and futures on the Dow Jones Industrial Average slipped 0.1%. Changes in equity futures don’t necessarily predict moves after the markets open.

In Europe, the Stoxx Europe 600 was broadly flat in morning trade as gains in materials and communication services sectors were tempered by losses in utilities and information technology sectors.


declined 2.3% for a two-day losing streak.

The U.K.’s FTSE 100 edged down 0.1%. Other stock indexes in Europe were mixed as the U.K.’s FTSE 250 added 0.1%, France’s CAC 40 meandered after the flat line and Germany’s DAX shed 0.3%.

The Swiss franc and the euro were up 0.1% against the U.S. dollar and the British pound was mostly flat against the dollar, with 1 pound buying $1.41.

In commodities, international benchmark Brent crude fell 0.5% to $68.37 a barrel. Gold remained flat, at $1,901.10 a troy ounce.

The yield on German 10-year bunds gained to minus 0.200% and 10-year gilts yields strengthened to 0.767%. The yield on 10-year U.S. Treasury gained to 1.583% from 1.572%. Yields move inversely to prices.

In Asia, indexes were mixed as China’s benchmark Shanghai Composite rose 0.4%, whereas Hong Kong’s Hang Seng was lower 0.2% and Japan’s Nikkei 225 index was down 0.3%.

Investors have become more comfortable that central banks will maintain economic support.


Courtney Crow/Associated Press

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By rahul