Sat. Jan 28th, 2023

U.S. stock futures edged up ahead of an official update on the U.S. job market that is expected to show a pickup in hiring.

S&P 500 futures rose 0.1% and futures on the Dow Jones Industrial Average gained 0.1%. Changes in futures don’t necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 climbed 0.2% in morning trade, and it is at its highest level in a year as gains in healthcare and utilities sectors were offset by losses in financials and communication services sectors.

The U.K.’s FTSE 100 was largely flat. Other stock indexes in Europe were mixed as France’s CAC 40 added 0.1% and Germany’s DAX climbed 0.1%, whereas the U.K.’s FTSE 250 fell 0.1%.

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

In commodities, Brent crude rose 0.4% to $71.59 a barrel. Gold also gained 0.1% to $1,874.80 a troy ounce.

The yield on German 10-year bunds declined to minus 0.184% and 10-year gilts yields slipped to 0.837%. The 10-year U.S. Treasury yield edged down to 1.621% from 1.624%. Yields and prices move in opposite directions.

Indexes in Asia were mixed as China’s benchmark Shanghai Composite gained 0.2% after falling as much as 0.6% during the session, whereas Hong Kong’s Hang Seng was lower 0.4% and Japan’s Nikkei 225 index lost 0.4%.

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


Nicole Pereira/Associated Press

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By rahul