U.S. Stock Futures Slip to Start the Week

U.S. stock futures ticked lower and Treasury yields declined ahead of data on manufacturing the housing market.

S&P 500 futures were down 0.4% and Dow Jones Industrial Average futures slipped 0.5%. Changes in futures don't necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 shed 0.2% in morning trade as gains in the communication services sector were balanced by losses in consumer staples and information technology sectors.

Telefónica jumped 2.4% for a two-day winning streak.

SSP Group declined 2.9%.

The U.K.'s FTSE 100, which is dominated by large international businesses, was lower 0.3%. Other stock indexes in Europe were mixed as the U.K.'s FTSE 250 rose 0.1% and Germany's DAX was broadly flat, whereas France's CAC 40 fell 0.2%.

The Swiss franc was down 0.1% against the U.S. dollar, with 1 franc buying $1.11. The euro was flat against the dollar, with 1 euro buying $1.21. The British pound was up 0.1% against the U.S. dollar, with 1 pound buying $1.41.

In commodities, international benchmark Brent crude declined 0.4% to $68.43 a barrel. Gold gained 0.8% to $1,853.30 a troy ounce.

The German 10-year bund yield strengthened to minus 0.125% and the yield on 10-year gilts was down to 0.855%. 10-year U.S. Treasury yields slipped to 1.616% from 1.639% on Friday. Bond yields and prices move inversely.

Stocks in Asia were mixed as Hong Kong's Hang Seng added 0.6% and China's benchmark Shanghai Composite rose 0.8%, whereas Japan's Nikkei 225 index fell 0.9% after gaining 0.6% earlier.

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(END) Dow Jones Newswires

May 17, 2021 04:16 ET (08:16 GMT)

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