New orders for durable goods in the US expected to rise in August
US stock futures edged higher ahead of data showing rising demand for durables.
S&P 500 futures rose 0.3% and Dow Jones Industrial Average futures rose 0.5%. Contracts do not necessarily predict market movements once the market opens.
In Europe, the Stockx Europe 600 climbed 0.7% in morning trade, with major gains from the consumer staples and communications services sectors.
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The UK’s FTSE 100 rose 0.9%. Other stock indexes in Europe also climbed mostly as France’s CAC 40 rose 0.7%, the UK’s FTSE 250 rose 0.7% and Germany’s DAX 1.1%.
The Swiss franc was down 0.2% against the US dollar, buying 1 franc at $1.08. The euro was flat against the US dollar, with 1 euro buying at $1.17. The British pound strengthened 0.1% against the dollar, with 1 pound buying at $1.37.
Among commodities, international benchmark Brent crude rose 1% to $78.02 a barrel. Gold also rose 0.3% to $1,757.60 per troy ounce.
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The German 10-year Bund yield fell to minus 0.238% and the 10-year UK government debt yield, known as the gilt, slipped to 0.831%. The yield on the 10-year US Treasury declined to 1.446% on Monday from 1.459% on Friday. Yields move inversely to bond prices.
In Asia, Hong Kong’s Hang Seng rose 0.7%, while Japan’s Nikkei 225 index was mostly flat after adding 0.5% during the session and China’s benchmark Shanghai Composite dropped 0.7% after falling 0.7% earlier.
–an artificial intelligence tool was used in the making of this article.
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