US stock futures recover partially

Published On: July 21, 2021Categories: Stocks & Shares1.2 min read

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.

About the Author: Jonathan Adams

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