U.S. Stock Futures Rise Ahead of Earnings, Jobs Data

U.S. stock futures rose Thursday ahead of a flurry of earnings reports and a weekly update on the number of Americans applying for jobless benefits.

Futures on the S&P 500 rose 0.3% and futures tied to the Dow Jones Industrial Average strengthened 0.3%. Changes in futures don't necessarily predict moves after the markets open.

Europe stocks advanced Thursday for a two-day run of gains.

The Stoxx Europe 600 climbed 0.1% in morning trade as gains in consumer staples and communication services sectors were balanced by losses in financials and information technology sectors.

Anheuser-Busch InBev jumped 3.3%.

The U.K.'s FTSE 100, which is dominated by large international businesses, gained 0.3%. Other stock indexes in Europe also mostly climbed as France's CAC 40 added 0.4%, the U.K.'s FTSE 250 gained 0.2% and Germany's DAX added 0.3%.

The Swiss franc and the euro were up 0.1% against the U.S. dollar and the British pound was mostly flat against the dollar, with 1 pound buying $1.39.

In commodities, Brent crude was up 0.1% to $69.05 a barrel. Gold also gained 0.6% to $1,795.40 a troy ounce.

The yield on German 10-year bunds slipped to minus 0.230% and 10-year gilts yields fell to 0.805%. The 10-year U.S. Treasury yield fell to 1.574% from 1.584% on Wednesday. Yields move inversely to bond prices.

Stocks in Asia were mixed as Hong Kong's Hang Seng climbed 0.6% and Japan's Nikkei 225 index rose 1.8%, whereas China's benchmark Shanghai Composite was down 0.2% after trading higher 0.7% during the session.

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(END) Dow Jones Newswires

May 06, 2021 03:52 ET (07:52 GMT)

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