Stock Futures Waver Ahead of Jobless Data

Date:

Jan. 13, 2022 3:37 am ET

U.S. stock futures were little changed ahead of data on producer prices and an update on the number of Americans applying for unemployment benefits.

Futures on the S&P 500 were flat and futures on the Dow Jones Industrial Average were flat. The contracts don’t necessarily predict market moves after the opening bell.

European stocks declined Thursday, with the Stoxx Europe 600 down 0.2% in morning trade. Consumer discretionary and energy sectors notched the biggest losses while financials and real-estate sectors rose.

NEXT slipped 2.7% and Persimmon PLC slipped 2.4%.

The U.K.’s FTSE 100, which is dominated by large international businesses, lost 0.2%. Other stock indexes in Europe also mostly fell as France’s CAC 40 was lower 0.5%, the U.K.’s FTSE 250 was down 0.1% and Germany’s DAX declined 0.3%.

The Swiss franc, the euro and the British pound gained 0.2%, 0.3% and 0.2% respectively against the U.S. dollar.

In commodities, Brent crude was down 0.1% to $84.55 a barrel. Gold was also down 0.1% to $1,825.40 a troy ounce.

The German 10-year bund yield strengthened to minus 0.035% and U.K. 10-year gilts yields were up to 1.164%. 10-year U.S. Treasury yields rose to 1.750% from 1.724%. Bond yields move inversely to prices.

Indexes in Asia mostly fell as Hong Kong’s Hang Seng declined 0.2% after trading higher 0.7%, Japan’s Nikkei 225 index declined 1% and China’s benchmark Shanghai Composite lost 1.2%.

Traders worked on the floor of the New York Stock Exchange on Wednesday.



Photo:

BRENDAN MCDERMID/REUTERS

An artificial-intelligence tool was used in creating this article.

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