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Stock Futures Waver Ahead of Economic Data

U.S. stock futures were little changed ahead of economic data including weekly jobless claims and an updated reading of first-quarter gross domestic product.

Futures on the S&P 500 and the Dow Jones Industrial Average traded broadly flat. Contracts tied to the technology-heavy Nasdaq-100 edged down 0.3%. Changes in equity futures don’t necessarily predict market moves after the opening bell.

European stocks advanced Thursday for a two-session winning streak. The Stoxx Europe 600 climbed 0.2% in morning trade as gains in consumer staples and industrials sectors were muted by losses in materials and utilities sectors.

United Utilities Group

fell 3.9% for a two-day losing streak and Antofagasta slipped 2.4%.

The U.K.’s FTSE 100 was broadly flat. Other stock indexes in Europe also mostly climbed as France’s CAC 40 gained 0.1%, the U.K.’s FTSE 250 was largely flat and Germany’s DAX rose 0.2%.

The euro and the British pound dropped 0.1% against the U.S. dollar whereas the Swiss franc strengthened 0.1% against the U.S. dollar, with 1 franc buying $1.04.

In commodities, international benchmark Brent crude was up 0.2% to $111.38 a barrel. Gold was flat, at $1,846.00 a troy ounce.

German 10-year bund yields were down to 0.926% and the U.K. 10-year gilts yield declined to 1.892%. The yield on 10-year U.S. Treasury slipped to 2.728% from 2.746%. Yields and prices move in opposite directions.

In Asia, indexes were mixed as China’s benchmark Shanghai Composite added 0.5% after falling as much as 0.8%, whereas Hong Kong’s Hang Seng lost 0.8% after trading higher 0.5% during the session and Japan’s Nikkei 225 index shed 0.3% after gaining 0.8% earlier.

Traders worked on the floor of the New York Stock Exchange on Tuesday.



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