Equity futures slip ahead of Fed comments

September 28, 2021 3:35 am (Eastern Standard Time)

US equity futures fell prior to testimony at Capitol Hill from Federal Reserve Board of Governors and Treasury leaders on the status of the economic recovery.

S & P 500 futures fell 0.4% and the Dow Jones Industrial Average 30 futures fell 0.1%. Changes in stock futures do not necessarily predict market movements after they are opened.

In Europe, Stocks Europe 600 fell 0.3% in the morning trading. The information technology and telecommunications services sector recorded the largest losses, while the consumer staple and medical sector increased.

Sage Group lost 3.5% in three consecutive sessions and Coca-Cola HBC fell 2.2%.

The British FTSE 100 was winding after the flat line. France’s CAC 40 fell 0.1%, the UK’s FTSE 250 fell 0.5%, and Germany’s DAX fell 0.3%, so most other European equities fell.

The Swiss franc, euro and pound sterling fell 0.4%, 0.1% and 0.2% against the US dollar, respectively.

In commodities, Brent crude rose 1% to $ 79.51 a barrel. Gold fell 0.7% to $ 1,740.50 per troy ounce.

Germany’s 10-year government bond yield was up to minus 0.186%, and the 10-year UK government debt, known as the UK bond yield, was up to 0.904%. The 10-year US Treasury yield rose from 1.482% to 1.533%. Bond yields move in the opposite direction of price.

Asian stocks were mixed as Hong Kong’s Hang Seng Index rose 1.8% and China’s benchmark Shanghai Composite Index rose 0.5%, while Japan’s Nikkei 225 Index fell 0.2%.

The trader worked on the floor of the New York Stock Exchange on Monday.


Brendan MacDermid / Reuters

— Artificial intelligence tools were used to create this article.

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Equity futures slip ahead of Fed comments

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