U.S. Futures Rise, European Stocks Mixed Ahead of Fed Rate-Cut Decision

U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average increased 0.1%. Changes in futures do not necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. Ackermans & Van Haaren climbed 3.5% and Grafton Group added 2.1%. On the other hand, Beijer Ref Series B dropped 6.7%, and Spectris sunk 3.4%. The FTSE 100 lost 0.2%. Other stocks in Europe were mixed as France's CAC 40 was flat and Germany's DAX rose 0.1%.

The Wall Street Journal Dollar Index fell 0.2% to 95.88.

In commodities, Brent crude dropped 0.7% to $73.22 a barrel, and WTI crude fell 0.5% to $70.80 a barrel. The European benchmark price for natural gas, the Dutch futures contract TTF, was up 0.1% to 35.58 euros a megawatt hour.

The German 10-year Bund yield climbed by 1 basis point to 2.154% from 2.148%, and the yield on the 10-year U.S. Treasury declined by 1 basis point to 3.653% from 3.659%. Bond prices and yields move in opposite directions.

Stocks in Asia were up as Japan's Nikkei 225 index climbed 0.5%, whereas markets in Hong Kong were closed. China's benchmark Shanghai Composite gained 0.5%.

-This article was automatically generated by MarketWatch.

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(END) Dow Jones Newswires

September 18, 2024 03:50 ET (07:50 GMT)

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