Stock Futures Slip Ahead of Jobs Data
05 March 2021 - 8:22PM
Dow Jones News
U.S. stock futures dropped at the end of a downbeat week for
major indexes and ahead of a monthly update on the job market.
Futures on the S&P 500 slipped 0.4% and Dow Jones Industrial
Average futures declined 0.4%. The contracts don't necessarily
predict market moves after the markets open.
Europe stocks fell Friday for a two-day losing streak. The Stoxx
Europe 600 lost 0.8% in morning trade dragged down by declines in
communication services and information technology sectors.
The U.K.'s FTSE 100, which is dominated by large international
businesses, shed 0.8%. Other stock indexes in Europe also mostly
fell as France's CAC 40 was down 0.9%, the U.K.'s FTSE 250 fell
0.6% and Germany's DAX shed 0.8%.
The Swiss franc, the euro and the British pound slipped 0.2%,
0.3% and 0.3% respectively against the U.S. dollar.
In commodities, international benchmark Brent crude strengthened
1.4% to $67.66 a barrel. Gold was down 0.6% to $1,690.60 a troy
ounce.
German 10-year bund yields rose to minus 0.303% and the yield on
U.K. 10-year gilts gained to 0.753%. The 10-year U.S. Treasury
yield ticked up to 1.551% from 1.547%. Bond yields move inversely
to prices.
In Asia, indexes mostly fell as Hong Kong's Hang Seng was mostly
flat, losing 0.1%, Japan's Nikkei 225 index was lower 0.2%, and
China's benchmark Shanghai Composite was broadly flat between minus
1% and 0.6%.
An
artificial-intelligence tool
was used in creating this article.
(END) Dow Jones Newswires
March 05, 2021 04:07 ET (09:07 GMT)
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