U.S. Stock Futures Post Tepid Gains

In the U.S., futures on the S&P 500 rose 0.1% and Dow Jones Industrial Average futures strengthened 0.1%. Changes in futures don’t necessarily predict moves after the markets open.

In Europe, the Stoxx Europe 600 was down 0.2% in morning trade. Consumer staples and information technology sectors led the losses while the industrial and energy sectors rose.

Airbus jumped 3.4% for a three-day run of gains and BP climbed 3.1%.

Royal Mail fell 2.4% for a two-session losing streak.

The U.K.’s FTSE 100 added 0.3%. Other stock indexes in Europe were mixed as France’s CAC 40 gained 0.2% and U.K.’s FTSE 250 added 0.9%, whereas Germany’s DAX shed 0.3%.

The Swiss franc slipped 0.3% against the U.S. dollar, with 1 franc buying $1.11. The euro was mostly flat against the U.S. dollar, with 1 euro buying $1.22. The British pound was up 0.1% against the dollar, with 1 pound buying $1.41.

In commodities, international benchmark Brent crude rose 1.6% to $65.36 a barrel. Gold declined 0.1% to $1,806.60 a troy ounce.

German 10-year bund yields were up to minus 0.309% and 10-year U.K. government debt known as gilts yields rose to 0.717%. 10-year U.S. Treasury yields strengthened to 1.371% from 1.370%. Yields and prices move in opposite directions.

Stocks in Asia were mixed. Hong Kong’s Hang Seng climbed 1.2% after falling as much as 0.6% earlier and China’s benchmark Shanghai Composite was lower 0.2% after gaining 0.8% during the session.

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(END) Dow Jones Newswires

February 23, 2021 04:12 ET (09:12 GMT)

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