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Stock Futures Gain Ahead of Housing Data

U.S. stock futures ticked higher ahead of fresh data on the state of the housing market.

S&P 500 futures strengthened 0.3% and Dow Jones Industrial Average futures were up 0.3%. The contracts don’t necessarily predict market moves after the markets open.

European stocks advanced Tuesday for a four-session run of gains.

The Stoxx Europe 600 climbed 0.3% in morning trade, and it is at its highest level in a year. Information technology and utilities sectors led gains while financials and communication services sectors lost ground.

The U.K.’s FTSE 100 rose 0.1%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 gained 0.1%, the U.K.’s FTSE 250 added 0.4% and Germany’s DAX climbed 0.8%.

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

In commodities, international benchmark Brent crude fell 0.1% to $68.32 a barrel. Gold was up 0.2% to $1,887.40 a troy ounce.

German 10-year bund yields were down to minus 0.144% and 10-year gilts yields declined to 0.804%. 10-year U.S. Treasury yields slipped to 1.593% from 1.608%. Yields and prices move in opposite directions.

In Asia, indexes mostly climbed as Hong Kong’s Hang Seng added 1.5%, Japan’s Nikkei 225 index rose 0.7%, and China’s benchmark Shanghai Composite climbed 2.4%.

A banner for Lightning eMotors hung on the New York Stock Exchange on Monday.



Photo:

Mark Lennihan/Associated Press

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