U.S. Stock Futures Slip Ahead of Inflation Data
U.S. stock futures edged down after the S&P 500 and Dow Jones Industrial Average hit record closes and ahead of consumer inflation figures.
S&P 500 futures slipped 0.2% and futures tied to the Dow Jones Industrial Average shed 0.1%. The contracts don’t necessarily predict movements after the opening bell.
In Europe, the Stoxx Europe 600 added 0.1% in morning trade and is at its highest level in a year as gains in materials and energy sectors were tempered by losses in the utilities sector.
The UK.’s FTSE 100, which is dominated by large international businesses, rose 0.3%. Other stock indexes in Europe were mixed as France’s CAC 40 gained 0.2% and the UK.’s FTSE 250 climbed 0.2%, whereas Germany’s DAX was largely flat.
The Swiss franc, the euro and the British pound depreciated 0.2%, 0.1% and 0.2% respectively against the U.S. dollar.