Stock Futures Rise Ahead of Bank Earnings


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.



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

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