February 24, 2021 3:45 am ET
U.S. stock futures were lower Wednesday ahead of the second day of Federal Reserve Chairman Jerome Powell’s testimony on the economy and monetary policy.
S&P 500 futures fell 0.1% and Dow Jones industrial average futures were down 0.1%. The contracts certainly do not predict post-market trends.
In Europe, the Stoxx Europe 600 gained 0.2% in morning trade. Industries and power sectors were driving gains while staples lost consumer and land product sectors.
Solvay jumped 4.5% for a four-session run of gain and EasyJet climbed 2.3%.
The UK FTSE 100 was down 0.5%. Other European stock indices were mixed as the French CAC 40 added 0.2% and the UK FTSE 250 up 0.3%, while the German DAX lost 0.3%.
The Swiss franc slipped 0.1% against the U.S. dollar, with 1 franc buying $ 1.10. At the same time, the euro and the British pound strengthened 0.1% against the dollar.
In commodity, Brent crude and gold remained largely unchanged.
German 10-year bund yield fell to minus 0.325% and UK 10-year government debt known as gilts yield fell to 0.707%. The 10-year U.S. Treasury yield fell to 1.342% from 1.363%. Bond prices and yields are moving in other directions.
Indices in Asia fell mostly as Hong Kong’s Hang Seng fell 2.9% after gaining 0.5% during the session, Japan’s Nikkei 225 index lost 1.6%, and China’s Shanghai benchmark missed Shanghai. Composite 2%.
A school group walked alongside the New York stock exchange Tuesday.
Photo:
Mark Lennihan / Associated Press
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