US equity futures falter ahead of Fed update
U.S. equity futures wavered ahead of a Federal Reserve policy update and an unusually timed speech by President Biden to a joint session of Congress.
S&P 500 futures were flat and Dow Jones Industrial Average futures were down 0.2%. Changes in equity futures do not necessarily predict movements after the markets open.
In Europe, the Stoxx Europe 600 meandered past the morning trading flat line as gains in the consumer staples and consumer discretionary sectors were tempered by losses in healthcare and consumer tech. ‘information.
Delivery Hero climbed 3%.
The UK’s FTSE 100 added 0.3%. Other stock indexes in Europe also mainly climbed, with the French CAC 40 gaining 0.2%, the UK FTSE 250 by 0.4% and the German DAX by 0.4%.
The Swiss franc, the euro and the pound sterling fell by 0.4%, 0.2% and 0.1% respectively against the US dollar.
In commodities, Brent rose 0.4% to $ 66.11 a barrel. Gold fell 0.7% to $ 1,766.30 per troy ounce.
German 10-year bunds yielded to minus 0.212% and UK 10-year gilts rose to 0.812%. Yields on 10-year US Treasuries strengthened to 1.649% from 1.622%. Bond prices and yields move in opposite directions.
Indices in Asia mostly climbed as the Hong Kong Hang Seng climbed 0.2%, the Japanese Nikkei 225 index climbed 0.2% and the Chinese benchmark Shanghai Composite gained 0 , 4% after dropping 0.5% during the session.
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(END) Dow Jones News Wire
April 28, 2021 at 3:59 a.m. ET (7:59 a.m. GMT)
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