News

Market Update

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4.5

Andrew R. Michaud

• September 07, 2023

In the United States, futures for the S&P 500 were down by 0.3%, while futures for the Dow Jones Industrial Average showed a decline of 0.2%. However, it's important to note that changes in futures do not necessarily predict movements after the opening bell.

European Market

The Stoxx Europe 600 experienced a drop of 0.4% during morning trading. Notably, Direct Line Insurance saw an increase of 14.1%, and Melrose Industries climbed by 8.2%. On the other hand, Genus PLC lost 5.6%, and Adyen sunk by 2.7%. The FTSE 100 also lost 0.4%. Other stocks in Europe followed this trend, with France's CAC 40 declining by 0.2% and Germany's DAX falling by 0.4%.

Currency and Commodities

The Wall Street Journal Dollar Index observed a rise of 0.1% to 99.36.

When it comes to commodities, Brent crude experienced a decline of 0.4% to $90.24 per barrel, while WTI crude saw a fall of 0.4% to $87.20 per barrel.

Bond Yields

The German 10-year Bund yield declined by 1 basis point to 2.644% from 2.657%. Conversely, the yield on the 10-year U.S. Treasury climbed by 1 basis point to 4.292% from 4.284%. It's worth noting that bond prices and yields move in opposite directions.

Asian Stocks

Stocks in Asia displayed a downward trend as Japan's Nikkei 225 index declined by 0.8%, Hong Kong's Hang Seng fell by 1.4%, and China's benchmark Shanghai Composite declined by 1.1%.