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US Equity Futures Hovering After S & P 500 Hit Record

June 11, 2021 3:39 am EST

The day after the S & P 500 set a new record, US equity futures remained largely unchanged as investors weighed evidence of rising inflation and a recovery in the labor market.

S & P 500 futures traded almost flat, while Dow Jones Industrial Average futures traded flat. Changes in stock futures do not necessarily predict what will happen after the market opens.

In Europe, Stocks Europe 600 increased 0.3% in the morning trading. This is at its highest level in a year, as profits in the healthcare and telecommunications services sectors were held back by losses in the financial and real estate sectors.

The UK FTSE 100 has been added 0.5%. Other European stock indices were flat at Germany’s DAX, while France’s CAC 40 rose 0.3% and the UK’s FTSE 250 rose 0.3%.

The British pound fell 0.1% against the US dollar, the pound bought $ 1.42, while the Swiss franc and euro rose 0.1% against the dollar.

In commodities, international benchmark Brent crude rose 0.1% to $ 72.60 a barrel. Gold also rose 0.5% to $ 1,905.10 per troy ounce.

German 10-year bond yields fell to minus 0.274%, and 10-year UK government debt, known as gilt yields, fell to 0.704%. The US Treasury’s 10-year yield fell from 1.458% to 1.436%. Yields move in the opposite direction of prices.

Asia’s index was mixed as Hong Kong’s Hang Seng Index rose 0.6%, but Japan’s Nikkei 225 Index was almost flat and China’s benchmark Shanghai Composite Index fell 0.6%.

In recent weeks, major stock indexes have been moving in a narrow range.


Photo:

Carlo Allegri / Reuters

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US Equity Futures Hovering After S & P 500 Hit Record

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