US stock futures recover partially

by Jonathan Adams
SP-500

S&P 500 futures was 0.6% higher, while the DJIA futures was 0.8% higher

Stock futures in the US have risen, suggesting a partial recovery for Wall Street after worries over rising cases of the highly contagious delta variant across the world lowered key indices.

S & P 500 futures was 0.6% higher and the Dow Jones Industrial Average (DJIA) futures was 0.8% higher. Changes in stock futures do not necessarily predict market movements after the opening bell.

On Tuesday, stocks in Europe gained after four losses in a row. The Stoxx Europe 600 was 1% higher in the morning trading, driven by growth in the energy and utilities sector.

BP soared 2.1%, after more than a week of losing streak, and SSE was up 2%.

The UK’s FTSE 100, which is dominated by large international corporations, was up 1.1%. France’s CAC 40 was 1.2% higher, the UK’s FTSE 250 was up 0.7%, and Germany’s DAX was 1% higher, so other European stock indexes also recorded rises.

The euro and pound sterling was down 0.2% against the US dollar, while the Swiss franc remained flat against the US dollar, with one franc buying $ 1.09.

In the commodities market, international benchmark Brent crude was up 1.2% to $ 69.43 a barrel. Gold was also 0.4% higher to $ 1,816.60.

Germany’s 10-year government bond yield declined to minus 0.396%, and gilt 10-year bond yields dropped to 0.553%. Yields on 10-year Treasuries advanced from 1.181% to 1.214%. Yields move in the opposite direction of prices.

The Asian index dropped 0.1% after Hong Kong’s Hang Seng Index dropped 1.2%, Japan’s Nikkei 225 Index shed 1%, and China’s benchmark Shanghai Composite Index declined 0.8% during the session.



Important
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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