U.S. Futures Tick Higher as Volatility Declines
These are the main moves in markets:
Stocks
- Futures on the S&P 500 Index rose 0.3% as of 7:22 a.m. New York time.
- The Stoxx Europe 600 Index climbed 0.5%.
- The MSCI Asia Pacific Index dipped 0.5%.
Currencies
- The Bloomberg Dollar Spot Index fell 0.2%.
- The euro gained 0.4% to $1.0845.
- The British pound climbed 0.2% to $1.2362.
- The Japanese yen strengthened 0.3% to 107.38 per dollar.
Bonds
- The yield on 10-year Treasuries rose less than one basis point to 0.71%.
- Germany’s 10-year yield increased two basis points to -0.49%.
- Britain’s 10-year yield declined one basis point to 0.263%.
Commodities
- West Texas Intermediate crude rose 5.4% to $25.44 a barrel.
- Gold strengthened 0.5% to $1,705.74 an ounce.
Here are some key events coming up:
- Regional Federal Reserve presidents James Bullard, Loretta Mester and Patrick Harker are due to speak at events on Tuesday.
- OPEC gives its monthly oil market report on Wednesday.
- U.S. weekly jobless claims data is due Thursday.
- China on Friday releases industrial production and retail sales data for April.
U.S. futures posted gentle rises Tuesday despite a resurgence of coronavirus infections in some countries and other signs that the economic recovery may be complicated.
Futures tied to the Dow Jones Industrial Average gained 0.3%. The pan-continental Stoxx Europe 600 ticked up 0.4%.
“A lot of the market stresses have clearly faded and they’re getting back to reacting to normal news. There’s a general feeling that we know there is a recovery at play, demonstrated by the recovery in oil prices, and Fed statements about a second half recovery,” said Seema Shah, chief strategist, Principal Global Investors. PFG -4.19%
“Sentiment is very tentative, so it will stop consistent risk taking, but certainly the situation is better than it was two months ago, even two weeks ago,” she said
U.S. futures posted gentle rises Tuesday despite a resurgence of coronavirus infections in some countries and other signs that the economic recovery may be complicated.
Futures tied to the Dow Jones Industrial Average gained 0.3%. The pan-continental Stoxx Europe 600 ticked up 0.4%.
“A lot of the market stresses have clearly faded and they’re getting back to reacting to normal news. There’s a general feeling that we know there is a recovery at play, demonstrated by the recovery in oil prices, and Fed statements about a second half recovery,” said Seema Shah, chief strategist, Principal Global Investors. PFG -4.19%
“Sentiment is very tentative, so it will stop consistent risk taking, but certainly the situation is better than it was two months ago, even two weeks ago,” she said