U.S. Futures Flat, European Stocks Fall

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 declined 0.2% in morning trading. Financiere Richemont rose 6.2% and Swatch Group Bearer climbed 3%. On the other hand, Azelis Group sunk 11.1%, and Scor SE dropped 8.1%. The FTSE 100 lost 0.1%. Other stocks in Europe were down as France's CAC 40 decreased 0.2% and Germany's DAX fell 0.3%.

The Wall Street Journal Dollar Index rose 0.1% to 99.23.

In commodities, Brent crude gained 0.5% to $83.68 a barrel, and WTI crude climbed 0.5% to $79.61 a barrel. The European benchmark price for natural gas, the Dutch futures contract TTF, was up 1.8% to EUR30.81 a megawatt hour.

The German 10-year Bund yield rose by 2 basis points to 2.481% from 2.464%, and the yield on the 10-year U.S. Treasury held steady at 4.382%. Bond prices and yields move in opposite directions.

Stocks in Asia were mixed as Japan's Nikkei 225 index declined 0.3%, whereas Hong Kong's Hang Seng gained 0.9%. China's benchmark Shanghai Composite gained 1%.

-This article was automatically generated by MarketWatch.

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(END) Dow Jones Newswires

May 17, 2024 03:50 ET (07:50 GMT)

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