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Wednesday, July 28, 2021

Stock Futures Waver Ahead of Consumer Data

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U.S. stock futures wavered ahead of data on the vigor of American shoppers, including retail sales figures and a measure of consumer sentiment.

S&P 500 futures traded flat and Dow Jones Industrial Average futures strengthened 0.1%. The contracts don’t necessarily predict market moves after the opening bell.

European stocks climbed Friday. The Stoxx Europe 600 added 0.1% in morning trade as gains in financials and utilities sectors were balanced by losses in healthcare and materials sectors.

The U.K.’s FTSE 100 gained 0.2%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 rose 0.2%, the U.K.’s FTSE 250 added 0.3% and Germany’s DAX was broadly flat.

The Swiss franc and the British pound fell 0.1% and 0.2% respectively against the U.S. dollar. Meanwhile, the euro was mostly flat against the dollar, with 1 euro buying $1.18.

In commodities, Brent crude was down 0.4% to $73.17 a barrel. Gold also slipped 0.1% to $1,826.40 a troy ounce.

German 10-year bund yields were down to minus 0.340% and 10-year gilts yields declined to 0.644%. 10-year U.S. Treasury yields rose to 1.320% from 1.297%. Bond yields move in the opposite directions to prices.

Indexes in Asia were mixed as Hong Kong’s Hang Seng climbed 0.3%, whereas Japan’s Nikkei 225 index was down 1% and China’s benchmark Shanghai Composite lost 0.7%.

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



Photo:

brendan mcdermid/Reuters

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