U.S. Futures, European Stocks Lower as Bond Yields Climb

U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.4%. Changes in futures do not necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 fell 0.3% in morning trading. Renault added 3% and Intl Distribution Svcs rose 2.5%. On the other hand, Saab AB Series B sunk 3.6%, and Delivery Hero lost 3.5%. The FTSE 100 lost 0.2%. Other stocks in Europe were down as France's CAC 40 decreased 0.4% and Germany's DAX dropped 0.4%.

The Wall Street Journal Dollar Index was flat at 99.4.

In commodities, Brent crude gained 0.4% to $84.28 a barrel, and WTI crude climbed 0.5% to $80.20 a barrel. The European benchmark price for natural gas, the Dutch futures contract TTF, was up 2.2% to EUR34.28 a megawatt hour.

The German 10-year Bund yield climbed by 4 basis points to 2.636% from 2.596%, and the yield on the 10-year U.S. Treasury rose by 2 basis points to 4.575% from 4.557%. Bond prices and yields move in opposite directions.

Stocks in Asia were mixed as Japan's Nikkei 225 index dropped 0.8%, and Hong Kong's Hang Seng dropped 1.6%, whereas China's benchmark Shanghai Composite was flat.

-This article was automatically generated by MarketWatch.

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(END) Dow Jones Newswires

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