Economic news

Stocks, U.S. Futures Mixed With Data in Focus

Stocks in Europe struggled for direction along with U.S. futures on Monday after signs China’s economic recovery may be leveling out and as investors continue to weigh global inflation risks. The Stoxx Europe 600 index fluctuated in a narrow range, with gains for travel and leisure shares offsetting declines for utilities. Deutsche Bank AG dropped after the Federal Reserve warned that its compliance programs aren’t adequate. Contracts on the S&P 500 inched higher, while those on the Nasdaq 100 swung between small gains and losses amid shortened trading hours due to the Memorial Day holiday in the U.S.

The dollar was steady against a basket of peers. There’s no Treasuries cash trading today, after the 10-year yield closed just below 1.6% on Friday. Crude oil climbed as the market focused on an OPEC supply policy meeting early this week, while gold headed for the biggest monthly advance since July and most industrial metals gained.

U.S. markets will be closed for the Memorial Day holiday. U.K. markets will be closed for the Spring Bank holidayReserve Bank of Australia policy decision TuesdayOPEC meets to review oil production levels TuesdayPhiladelphia Fed President Patrick Harker, Chicago Fed President Charles Evans, Atlanta Fed President Raphael Bostic and Dallas Fed President Robert Kaplan speak WednesdayU.S. employment report for May on Friday


The Stoxx Europe 600 was little changed as of 10:02 a.m. London timeFutures on the Nasdaq 100 were little changedFutures on the S&P 500 were little changedThe MSCI Asia Pacific Index rose 0.4%The MSCI Emerging Markets Index rose 1.1%


The Bloomberg Dollar Spot Index fell 0.1%The euro was little changed at $1.2198The Japanese yen rose 0.2% to 109.66 per dollarThe offshore yuan was little changed at 6.3635 per dollarThe British pound fell 0.1% to $1.4173


The yield on 10-year Treasuries was little changed at 1.59%Germany’s 10-year yield advanced two basis points to -0.16%Britain’s 10-year yield declined two basis points to 0.79%


Brent crude rose 1.1% to $69 a barrelSpot gold rose 0.1% to $1,906 an ounce

Source: FXPro

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree