US Futures Slip, European Stocks Rise After Federal Reserve Chair Powell's Remarks

In the U.S., futures for the S&P 500 were down 0.3% 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 gained 0.6% in morning trading. Neste rose 10.0% and Akzo Nobel climbed 6.9%. On the other hand, Adyen slipped 13.5%, and Polymetal International dropped 10%. The FTSE 100 added 0.5%. Other stocks in Europe were up as France's CAC 40 increased 0.5% and Germany's DAX climbed 0.6%.

The Wall Street Journal Dollar Index fell 0.2% to 96.00.

In commodities, Brent crude rose 0.4% to $84.01 a barrel, and WTI crude rose 0.5% to $77.55 a barrel.

The German 10-year Bund yield rose by 1.5 basis points to 2.358% from 2.343% and the yield on the 10-year U.S. Treasury declined by 3.2 basis points to 3.645% from 3.677%. Bond prices and yields move in opposite directions.

Stocks in Asia were down as Japan's Nikkei 225 index was lower 0.3%, and Hong Kong's Hang Seng was down 0.1%. China's benchmark Shanghai Composite declined 0.5%.

-This article was automatically generated by MarketWatch.

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(END) Dow Jones Newswires

February 08, 2023 03:48 ET (08:48 GMT)

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