U.S. Stock Futures Hover After Wall Street Rally

U.S. stock futures wavered after a broad-based rally on Wall Street boosted major indexes.

Futures on the S&P 500 traded flat and futures tied to the Dow Jones Industrial Average were up 0.1%. The contracts don’t necessarily predict market moves after the opening bell.

In Europe, the Stoxx Europe 600 meandered after the flat line in morning trade as gains in energy and materials sectors were tempered by losses in utilities and information technology sectors.

The U.K.’s FTSE 100 rose 0.2%. Other stock indexes in Europe were mixed as France’s CAC 40 was broadly flat and the U.K.’s FTSE 250 climbed 0.1%, whereas Germany’s DAX was down 0.3%.

The Swiss franc and the British pound were down 0.1% against the U.S. dollar whereas the euro was mostly flat against the dollar, with 1 euro buying $1.19.

In commodities, Brent crude was up 0.2% to $75.05 a barrel. Gold fell 0.2% to $1,779.80 a troy ounce.

German 10-year bund yields strengthened to minus 0.158% and the yield on 10-year gilts rose to 0.783%. The 10-year U.S. Treasury yield rose to 1.497% from 1.481%. Bond yields move inversely to prices.

In Asia, indexes were mixed as Japan’s Nikkei 225 index gained 3.1% and China’s benchmark Shanghai Composite added 0.8%, whereas Hong Kong’s Hang Seng was lower 0.3%.