Market Highlights

by Warren Seah

US Futures and European Stocks

The S&P 500 futures and Dow Jones Industrial Average futures saw a slight increase of 0.1% each. However, it is important to note that movements in futures may not accurately predict market trends after the opening bell.

Meanwhile, in Europe, the Stoxx Europe 600 experienced a slight decline of 0.1% during morning trading. On the positive side, MorphoSys witnessed a rise of 7.4%, while Tryg added 6.5% to its value. On the other hand, Sartorius Stedim Biotech saw a loss of 10.8%, and Sartorius Pfd. dropped by 9.9%. The FTSE 100 gained 0.1%. The market performance in France’s CAC 40 remained stagnant, while Germany’s DAX faced a decline of 0.2%.

Currency and Commodity Markets

The Wall Street Journal Dollar Index recorded a decrease of 0.2%, settling at 100.44.

In the commodities market, Brent crude oil experienced a significant gain of 1.6%, reaching $87.38 per barrel. Similarly, WTI crude oil rose by 1.8%, reaching $84.41 per barrel.

Global Bond Yields

The yield on the German 10-year Bund declined by 3 basis points to 2.762% from 2.79%. Conversely, the yield on the 10-year U.S. Treasury witnessed a decrease of 5 basis points to 4.652% from 4.702%.

Asian Stock Performance

Asian markets saw downward trends as Japan’s Nikkei 225 index declined by 0.5%, while Hong Kong’s Hang Seng dropped by 2.1%. Additionally, China’s benchmark Shanghai Composite faced a decline of 0.6%.

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