Stock futures edge up to start the week
The yield on 10-year U.S. Treasurys ticked higher
U.S. stock futures ticked up, putting Wall Street indexes on course to extend their back-and-forth moves as investors await more data on the Omicron variant of Covid-19.
S&P 500 futures gained 0.5% and Dow Jones Industrial Average futures strengthened 0.6%. Changes in equity futures don’t necessarily predict moves after the markets open.
European stocks climbed Monday. The Stoxx Europe 600 rose 0.7% in morning trade. Utilities and consumer discretionary sectors led gains while the materials sector lost ground.
JOB OPENINGS, CONSUMER PRICES, COSTCO AND GAMESTOP EARNINGS TOP WEEK AHEAD
The U.K.’s FTSE 100 added 0.6%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 rose 0.6%, the U.K.’s FTSE 250 added 0.5% and Germany’s DAX climbed 0.7%.
The Swiss franc and the euro lost 0.3% and 0.1% respectively against the U.S. dollar whereas the British pound was up 0.1% against the dollar, with 1 pound buying $1.32.
In commodities, Brent crude gained 2.2% to $71.42 a barrel. Gold declined 0.1% to $1,782.10 a troy ounce.
BUZZFEED RAISES JUST $16.2M AHEAD OF PUBLIC LISTING VIA SPAC
The German 10-year bund yield strengthened to minus 0.380% and U.K. 10-year gilts yields gained to 0.756%. The yield on 10-year U.S. Treasury was up to 1.382% from 1.342% on Friday. Yields move inversely to prices.
CLICK HERE TO READ MORE ON FOX BUSINESS
Indexes in Asia mostly fell as Hong Kong’s Hang Seng shed 1.8%, Japan’s Nikkei 225 index was down 0.4% and China’s benchmark Shanghai Composite was lower 0.5%.