U.S. Futures, European Stocks Down as Market Tracks Middle East Developments

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

In Europe, the Stoxx Europe 600 dropped 0.9% in morning trading. Imperial Brands added 4.3% and Delivery Hero climbed 3%. On the other hand, Vistry Group slipped 31.7%, and Burberry Group fell 5.5%. The FTSE 100 lost 1%. Other stocks in Europe were down as France's CAC 40 declined 1.1% and Germany's DAX dropped 0.8%.

The Wall Street Journal Dollar Index was flat at 97.2.

In commodities, Brent crude dropped 1.7% to $79.55 a barrel, and WTI crude dropped 1.8% to $75.75 a barrel. The European benchmark price for natural gas, the Dutch futures contract TTF, was flat at 40.25 euros a megawatt hour.

The German 10-year Bund yield declined by 2 basis points to 2.244% from 2.259%, and the yield on the 10-year U.S. Treasury fell by 3 basis points to 3.999% from 4.033%. Bond prices and yields move in opposite directions.

Stocks in Asia were mixed as Japan's Nikkei 225 index declined 1%, and Hong Kong's Hang Seng declined 7.8%, whereas China's benchmark Shanghai Composite gained 4.6%.

-This article was automatically generated by MarketWatch.

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(END) Dow Jones Newswires

October 08, 2024 03:55 ET (07:55 GMT)

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