U.S. stock futures edged up ahead of data on retail sales and producer prices that could offer clues as to whether recent inflationary pressures will linger.
S&P 500 futures were up 0.2% and futures tied to the Dow Jones Industrial Average rose 0.2%. Changes in futures don’t necessarily predict moves after the opening bell.
In Europe, the Stoxx Europe 600 added 0.3% in morning trade, and it is at its highest level in a year. Healthcare and communication services sectors led gains while financials and consumer discretionary sectors lost ground.
The U.K.’s FTSE 100 climbed 0.2%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 gained 0.3%, the U.K.’s FTSE 250 rose 0.1% and Germany’s DAX added 0.6%.
The Swiss franc and the euro strengthened 0.2% against the U.S. dollar and the British pound was mostly flat against the dollar, with 1 pound buying $1.41.
In commodities, Brent crude was up 0.5% to $73.21 a barrel. Gold was also up 0.1% to $1,868.40 a troy ounce.
German 10-year bund yields fell to minus 0.253% and 10-year gilts yields slipped to 0.737%. 10-year U.S. Treasury yields fell to 1.486% from 1.499%. Bond prices and yields move in opposite directions.
Stocks in Asia were mixed as Japan’s Nikkei 225 index gained 1%, whereas Hong Kong’s Hang Seng was lower 0.7% and China’s benchmark Shanghai Composite declined 0.9%.