U.S. Futures Flat, European Stocks Down as Inflation Worries Renew

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

In Europe, the Stoxx Europe 600 fell 0.8% in morning trading. Intertek Group climbed 2.8% and Travis Perkins added 2.2%. On the other hand, Acciona lost 7%, and Zealand Pharma sunk 4%. The FTSE 100 lost 0.8%. Other stocks in Europe were down as France's CAC 40 decreased 0.7% and Germany's DAX dropped 0.9%.

The Wall Street Journal Dollar Index was flat at 99.7.

In commodities, Brent crude fell 0.1% to $81.25 a barrel, and WTI crude dropped 0.2% to $76.73 a barrel. The European benchmark price for natural gas, the Dutch futures contract TTF, was down 1.5% to EUR34.7 a megawatt hour.

The German 10-year Bund yield declined by 1 basis point to 2.588% from 2.6%, and the yield on the 10-year U.S. Treasury fell by 1 basis point to 4.472% from 4.48%. Bond prices and yields move in opposite directions.

Stocks in Asia were down as Japan's Nikkei 225 index dropped 1.2%, and Hong Kong's Hang Seng declined 1.7%. China's benchmark Shanghai Composite declined 0.9%.

-This article was automatically generated by MarketWatch.

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(END) Dow Jones Newswires

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