News

U.S. Futures Rise as European Stocks Climb

4.5

Clarence L. Polk

• October 30, 2023

U.S. Futures

U.S. futures for the S&P 500 were up 0.6% and futures for the Dow Jones Industrial Average climbed 0.5%. Changes in futures do not necessarily predict movements after the opening bell.

European Stocks

In Europe, the Stoxx Europe 600 climbed 0.7% in morning trading. Notable gainers included Siemens Energy, which added 9.9%, and Electrolux Series B, which rose 4.1%. On the other hand, Idorsia slipped 3.4%, and Merck dropped 2.8%. The FTSE 100 added 0.8%. France's CAC 40 gained 0.5% and Germany's DAX climbed 0.6%.

Currency and Commodities

The Wall Street Journal Dollar Index was flat at 100.73.

In commodities, Brent crude fell 1.5% to $87.89 a barrel, and WTI crude fell 1.6% to $84.15 a barrel.

Bond Yields

The German 10-year Bund yield declined by 4 basis points to 2.792% from 2.834%, and the yield on the 10-year U.S. Treasury rose by 2 basis points to 4.861% from 4.841%. Bond prices and yields move in opposite directions.

Asian Stocks

Stocks in Asia were mixed as Japan's Nikkei 225 index declined 1%, whereas Hong Kong's Hang Seng was flat. China's benchmark Shanghai Composite gained 0.1%.