In the United States, futures for the S&P 500 and Dow Jones Industrial Average indicate a slight decline of 0.3% each. However, it's important to note that changes in futures may not accurately predict actual market movements once the opening bell rings.

Across the Atlantic, European markets started the day with the Stoxx Europe 600 index dropping by 0.5% during morning trading. Notable gainers include Partners Group Hldg, which saw an increase of 6.7%, and Etablissementen Franz Col, which rose by 4.9%. On the other hand, Commerzbank experienced a 4.7% decline, while Ahold Delhaize lost 4.7%. The FTSE 100 also saw a decline of 0.6%. Other major European indexes followed this downward trend, with France's CAC 40 down 0.8% and Germany's DAX down 0.7%.

Meanwhile, the Wall Street Journal Dollar Index showed a gain of 0.4%, reaching a value of 98.97.

In the commodities market, Brent crude dropped by 0.4%, settling at $88.61 per barrel, and WTI crude also fell by 0.4%, reaching $85.61 per barrel.

Moving to bond yields, the German 10-year Bund yield saw a slight increase of 1 basis point, rising from 2.582% to 2.593%. Conversely, the yield on the 10-year U.S. Treasury rose by 3 basis points to reach 4.22% from 4.186%. It's worth noting that bond prices and yields exhibit an inverse relationship.

Shifting our focus to Asia, markets showed mixed results. While Japan's Nikkei 225 index experienced a modest increase of 0.3%, Hong Kong's Hang Seng index declined by 2%. China's benchmark Shanghai Composite also witnessed a decline of 0.7%.

Labor Market Shows Signs of Cooling

Viper Energy Partners to Acquire Mineral and Royalty Interests

Leave A Reply

Your email address will not be published. Required fields are marked *