US Futures, European Stocks Down as Market Dials Back Rate-Cut Bets

U.S. futures for the S&P 500 were down 0.4% and futures for the Dow Jones Industrial Average declined 0.3%. Changes in futures do not necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 dropped 1.2% in morning trading. Lindt & Spruengli rose 6.6% and Genus PLC added 2.9%. On the other hand, Viaplay Group Series B slipped 15.3%, and Samhaellsbyggnadsbolaget sunk 4.7%. The FTSE 100 lost 1.4%. Other stocks in Europe were down as France's CAC 40 decreased 1.3% and Germany's DAX fell 1.1%.

The Wall Street Journal Dollar Index rose 0.1% to 97.95.

In commodities, Brent crude fell 1.4% to $77.23 a barrel, and WTI crude dropped 1.5% to $71.35 a barrel.

The German 10-year Bund yield rose by 3 basis points to 2.285% from 2.26%, and the yield on the 10-year U.S. Treasury declined by 1 basis point to 4.058% from 4.067%. Bond prices and yields move in opposite directions.

Stocks in Asia were down as Japan's Nikkei 225 index fell 0.4%, and Hong Kong's Hang Seng declined 3.7%. China's benchmark Shanghai Composite dropped 2.1%.

-This article was automatically generated by MarketWatch.

Write to Barcelona Editors at [e-mail]

(END) Dow Jones Newswires

January 17, 2024 03:48 ET (08:48 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.