Market Update: Futures Point to Potential Downturn

by Warren Seah

U.S. futures for the S&P 500 were down 0.3%, while futures for the Dow Jones Industrial Average declined 0.2%. It’s important to note that changes in futures do not necessarily predict movements after the opening bell.

European Markets

In Europe, there was a slight dip in the Stoxx Europe 600, dropping 0.1% during morning trading. Notably, alstria office REIT rose by an impressive 7.9%, and Rolls-Royce Holdings saw a gain of 3.6%. On the flip side, Orpea experienced a loss of 5.5%, and Viaplay Group Series B sunk by 4%. The FTSE 100 also witnessed a 0.3% decrease. Other stocks across Europe demonstrated mixed results, as France’s CAC 40 decreased by 0.1% and Germany’s DAX climbed by 0.1%.

Currency Market

The Wall Street Journal Dollar Index rose by 0.2%, reaching 97.74.


In terms of commodities, Brent crude fell by 0.8% to $78.22 per barrel, while WTI crude also dropped by 0.8% to $73.46 per barrel.

Bond Market

The German 10-year Bund yield experienced an increase of 2 basis points, rising to 2.378% from 2.36%. Similarly, the yield on the 10-year U.S. Treasury rose by 6 basis points to 4.257% from 4.2%. It is worth noting that bond prices and yields move in opposite directions.

Asian Stocks

Stocks in Asia showed a general downturn, with Japan’s Nikkei 225 index falling by 0.6%, Hong Kong’s Hang Seng declining by 1.1%, and China’s benchmark Shanghai Composite experiencing a decrease of 0.3%.

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