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U.S. Stock Futures Rise Ahead of Economic Data

U.S. stock futures rose ahead of updated figures on U.S. economic growth and the number of Americans applying for unemployment benefits.

Futures on the S&P 500 were up 0.3% and Dow Jones Industrial Average futures rose 0.4%. The contracts don’t necessarily predict market moves after the markets open.

In Europe, the Stoxx Europe 600 added 0.5% in morning trade. Utilities and materials sectors led gains while energy and real-estate sectors lost ground.

United Utilities Group

declined 3.3% for a two-session losing streak and

John Wood Group

fell 2%.

The U.K.’s FTSE 100 gained 0.2%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 climbed 0.6%, the U.K.’s FTSE 250 added 0.2% and Germany’s DAX rose 0.7%.

The euro strengthened 0.1% against the U.S. dollar, with 1 euro buying $1.19. Meanwhile, the Swiss franc and the British pound were flat against the dollar.

In commodities, Brent crude was up 0.4% to $74.78 a barrel. Gold slipped 0.4% to $1,776.40 a troy ounce.

German 10-year bund yields gained to minus 0.162% and the U.K. 10-year gilts yield rose to 0.792%. 10-year U.S. Treasury yields were up to 1.501% from 1.486%. Yields move inversely to prices.

In Asia, indexes mostly climbed as Hong Kong’s Hang Seng gained 0.2%, Japan’s Nikkei 225 index meandered after the flat line, and China’s benchmark Shanghai Composite was largely flat.

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



Photo:

Courtney Crow/Associated Press

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