U.S. Stock Futures Rise Ahead of Yellen's Testimony

U.S. stock futures and international indexes were broadly higher Tuesday ahead of Janet Yellen's testimony before a Senate committee where she is expected to support higher spending on coronavirus relief.

Futures tied to the S&P 500 gained 0.6%, and contracts linked to the Nasdaq-100 advanced 0.9%.

The Stoxx Europe 600 gained 0.4% in morning trade. Energy and industrials sectors led gains while the consumer discretionary sector lost ground.

EasyJet added 2.7%. John Wood Group declined 3.1%.

The U.K.'s FTSE 100, which is dominated by large international businesses, rose 0.6%.

Other stock markets in Europe also mostly climbed as France's CAC 40 climbed 0.4%, the U.K.'s FTSE 250 added 0.2% and Germany's DAX gained 0.4%.

The Swiss franc and the euro were up 0.2% against the U.S. dollar and the British pound was flat against the dollar, with 1 pound buying $1.36.

In commodities, Brent crude oil was up 0.9% to $55.22 a barrel. Gold also gained 0.7% to $1,842.60 a troy ounce.

German 10-year bund yields strengthened to minus 0.517% from minus 0.524% and the yield on U.K. 10-year gilts rose to 0.295% from 0.292%. The 10-year U.S. Treasury yield gained to 1.111% from 1.090%. Yields move in the opposite direction from prices.

Indexes in Asia were mixed as Hong Kong's Hang Seng climbed 2% and Japan's Nikkei 225 index gained 1.4%, whereas China's benchmark Shanghai Composite lost 0.8%.

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

(END) Dow Jones Newswires

January 19, 2021 03:58 ET (08:58 GMT)

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