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U.S. Stock Futures Waver With More Bank Earnings Due

U.S. Stock Futures Waver With More Bank Earnings Due

U.S. stock futures were flat ahead of another group of earnings reports from major banks.

Futures on the S&P 500 and futures on the Dow Jones Industrial Average were both nearly unchanged. Changes in futures don’t necessarily predict moves after the markets open.

European stocks declined Wednesday after a three-session winning streak. The Stoxx Europe 600 was lower 0.2% in morning trade as gains in financials and energy sectors were muted by losses in consumer staples and utilities sectors.

The U.K.’s FTSE 100 lost 0.4%. Other stock indexes in Europe also mostly fell as France’s CAC 40 shed 0.2%, the FTSE 250 was down 0.4% and Germany’s DAX shed 0.2%.

The euro and the British pound were up 0.1% and 0.2% respectively against the U.S. dollar and the Swiss franc was mostly flat against the U.S. dollar, with 1 franc buying $1.09.

In commodities, international benchmark Brent crude was down 0.1% to $76.41 a barrel. Gold gained 0.1% to $1,811.80 a troy ounce.

The yield on German 10-year bunds rose to minus 0.276% and 10-year gilts yields were up to 0.670%. 10-year U.S. Treasury yields fell to 1.403% from 1.415%. Yields move inversely to bond prices.

In Asia, indexes mostly fell as Hong Kong’s Hang Seng was lower 0.7%, Japan’s Nikkei 225 index lost 0.4%, and China’s benchmark Shanghai Composite lost 1.1%.

Wall Street indexes fell on Tuesday after a higher-than-expected consumer price report.



Photo:

brendan mcdermid/Reuters

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