Mon. Nov 28th, 2022

U.S. stock futures ticked lower ahead of an update on the number of Americans applying for unemployment benefits.

Futures on the S&P 500 were down 0.1% and futures on the Dow Jones Industrial Average declined 0.1%. The contracts don’t necessarily predict moves after the markets open.

European stocks fell Thursday. The Stoxx Europe 600 was lower 0.1% in morning trade as losses in healthcare and communication services sectors were muted by the rest of the stock sectors.

The U.K.’s FTSE 100 shed 0.2%. Other stock indexes in Europe also mostly slipped as France’s CAC 40 was down 0.1%, the U.K.’s FTSE 250 lost 0.1% and Germany’s DAX lost 0.2%.

The Swiss franc, the euro and the British pound dropped 0.3%, 0.2% and 0.1% respectively against the U.S. dollar.

In commodities, international benchmark Brent crude strengthened 0.4% to $71.67 a barrel. Gold fell 0.6% to $1,898.60 a troy ounce.

The yield on German 10-year bunds gained to minus 0.184% and the 10-year U.K. government debt known as gilts yield was up to 0.814%. 10-year U.S. Treasury yields rose to 1.603% from 1.591%. Bond prices and yields move in opposite directions.

Indexes in Asia were mixed as Japan’s Nikkei 225 index added 0.4%, whereas Hong Kong’s Hang Seng was lower 0.6% and China’s benchmark Shanghai Composite was down 0.4% after trading higher 0.6% earlier.

Traders worked on the floor of the New York Stock Exchange on Wednesday.


Courtney Crow/Associated Press

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By rahul