Money

U.S. Stock Futures Waver Ahead of Fed Decision

U.S. stock futures wavered near the flat line ahead of a policy decision from the Federal Reserve.

Futures on the S&P 500 were unchanged and Dow Jones Industrial Average futures edged down 0.1%. The contracts don’t necessarily predict moves after the opening bell.

In Europe, the Stoxx Europe 600 added 0.3% in morning trade, and it is at its highest level in a year. Financials and healthcare sectors led gains while consumer staples and communication services sectors lost ground.

Etn. Fr. Colruyt NV fell 8%, posting its fourth consecutive session of declines.

The U.K.’s FTSE 100 climbed 0.4%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 gained 0.3%, the U.K.’s FTSE 250 gained 0.5% and Germany’s DAX climbed 0.1%.

The British pound strengthened 0.2% against the U.S. dollar, with 1 pound buying $1.41 whereas the Swiss franc and the euro traded flat against the dollar.

In commodities, Brent crude was up 0.5% to $74.38 a barrel. Gold also strengthened 0.2% to $1,859.70 a troy ounce.

The yield on German 10-year bunds declined to minus 0.233% and 10-year U.K. government debt known as gilts yields were up to 0.768%. 10-year U.S. Treasury yields edged up to 1.500% from 1.498%. Yields move inversely to bond prices.

Indexes in Asia mostly fell as Hong Kong’s Hang Seng shed 0.4%, Japan’s Nikkei 225 index was lower 0.5%, and China’s benchmark Shanghai Composite was down 1.1%.

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



Photo:

Courtney Crow/Associated Press

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

U.S. Stock Futures Waver Ahead of Fed Decision Source link U.S. Stock Futures Waver Ahead of Fed Decision

Back to top button