U.S. Futures Up, European Stocks Mixed in Wake of Fed Remarks

U.S. futures for the S&P 500 were up 0.5% and futures for the Dow Jones Industrial Average climbed 0.3%. Changes in futures do not necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 declined 0.2% in morning trading. Teleperformance rose 16.2% and GN Store Nord rose 10.6%. On the other hand, DSM-Firmenich slipped 4.7%, and Vestas Wind Systems dropped 4.6%. The FTSE 100 added 0.3%. Other stocks in Europe were mixed as France's CAC 40 decreased 0.7% and Germany's DAX held steady.

The Wall Street Journal Dollar Index was flat at 100.12.

In commodities, Brent crude climbed 0.7% to $84.02 a barrel, and WTI crude gained 0.7% to $79.54 a barrel. The European benchmark price for natural gas, the Dutch futures contract TTF, was up 2.6% to EUR29.49 a megawatt hour.

The German 10-year Bund yield declined by 2 basis points to 2.562% from 2.587%, and the yield on the 10-year U.S. Treasury fell by 2 basis points to 4.618% from 4.639%. Bond prices and yields move in opposite directions.

Stocks in Asia were mixed as Japan's Nikkei 225 index fell 0.1%, whereas Hong Kong's Hang Seng climbed 2.4%. Markets in China were closed.

-This article was automatically generated by MarketWatch.

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(END) Dow Jones Newswires

May 02, 2024 03:48 ET (07:48 GMT)

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