U.S. Futures, European Stocks Rise After Fed Rate Cut

U.S. futures for the S&P 500 were up 1.1% and futures for the Dow Jones Industrial Average climbed 0.7%. Changes in futures do not necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 climbed 0.8% in morning trading. Ocado Group rose 9.4% and Davide Campari-Milano added 6.6%. On the other hand, Allegro.eu slipped 7.2%, and Deutsche Telekom sunk 2.3%. The FTSE 100 added 0.8%. Other stocks in Europe were up as France's CAC 40 increased 1.2% and Germany's DAX climbed 0.7%.

The Wall Street Journal Dollar Index dropped 0.2% to 95.74.

In commodities, Brent crude gained 0.7% to $74.19 a barrel, and WTI crude climbed 0.6% to $71.36 a barrel. The European benchmark price for natural gas, the Dutch futures contract TTF, was up 2.4% to EUR36.1 a megawatt hour.

The German 10-year Bund yield held steady at 2.195%, and the yield on the 10-year U.S. Treasury fell by 1 basis point to 3.699% from 3.705%. Bond prices and yields move in opposite directions.

Stocks in Asia were up as Japan's Nikkei 225 index gained 2.1%, and Hong Kong's Hang Seng climbed 2%. China's benchmark Shanghai Composite gained 0.7%.

-This article was automatically generated by MarketWatch.

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(END) Dow Jones Newswires

September 19, 2024 03:49 ET (07:49 GMT)

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