U.S. Stock Futures Waver Ahead of Data

U.S. stock futures wavered, extending the week’s pattern of muted moves ahead of data on the trade deficit and job openings.

S&P 500 futures traded mostly flat and futures on the Dow Jones Industrial Average slipped 0.1%. The contracts don’t necessarily predict moves after the opening bell.

In Europe, the Stoxx Europe 600 added 0.1% in morning trade, and it is at its highest level in a year as gains in communication services and financials sectors were offset by losses in materials and consumer discretionary sectors.

Intermediate Capital Group

climbed 4.4% and Greggs jumped 2.3%.

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

The Swiss franc, the euro and the British pound lost 0.1%, 0.2% and 0.3% respectively against the U.S. dollar.

In commodities, Brent crude fell 0.8% to $70.94 a barrel. Gold strengthened 0.1% to $1,899.80 a troy ounce.

German 10-year bund yields were down to minus 0.203% and U.K. 10-year gilts yields slipped to 0.803%. The yield on 10-year U.S. Treasury fell to 1.556% from 1.570%. Bond prices and yields move in opposite directions.

In Asia, indexes mostly fell as Hong Kong’s Hang Seng declined 0.3% after trading higher 0.7% during the session, Japan’s Nikkei 225 index was lower 0.2%, and China’s benchmark Shanghai Composite shed 0.5% after gaining 0.6% earlier.

NYSE employees eating lunch outside the New York Stock Exchange on Monday.


Richard Drew/Associated Press

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