Stock Futures Rise Ahead of Bank Earnings

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U.S. stock futures inched higher ahead of another big day of earnings reports from major banks and an update on the number of Americans applying for unemployment benefits.

Futures on the S&P 500 gained 0.5% and futures on the Dow Jones Industrial Average strengthened 0.5%. The contracts do not necessarily predict moves after the markets open.

In Europe, the Stoxx Europe 600 rose 1.3% in morning trade with the health care and real estate sectors leading gains.

The U.K.’s FTSE 100 added 0.6%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 climbed 0.4%, the U.K.’s FTSE 250 climbed 0.5% and Germany’s DAX gained 1.2%.

The Swiss franc, the euro and the British pound were up 0.3%, 0.1% and 0.2% respectively against the U.S. dollar.

In commodities, Brent crude rose 0.9% to $83.97 a barrel. Gold remained flat, at $1,794.20 a troy ounce.

The yield on German 10-year bunds was up to minus 0.116% and U.K. 10-year gilts yields were up to 1.109%. The 10-year U.S. Treasury yield edged up to 1.552% from 1.549%. Bond yields move in the opposite directions to prices.

Indexes in Asia were mixed. Japan’s Nikkei 225 index added 1.5% and China’s benchmark Shanghai Composite declined 0.1%.

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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