U.S. Stock Futures Edge Down Ahead of Inflation Data

May 12, 2021 3:41 am ET

U.S. stock futures edged lower a day after the Dow Jones Industrial Average suffered its steepest one-day decline since February, and ahead of a fresh read on inflation.

S&P 500 futures fell 0.3% and futures tied to the Dow were down 0.3%. The contracts don’t necessarily predict movements after the markets open.

In Europe, the Stoxx Europe 600 added 0.3% in morning trade. Led by gains in information technology and real-estate sectors.

The U.K.’s FTSE 100 rose 0.4%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 traded broadly flat and gained 0.1%, the U.K.’s FTSE 250 climbed 0.5% and Germany’s DAX meandered near the flat line.

The Swiss franc slipped 0.2% against the U.S. dollar, with 1 franc buying $1.10. The euro was flat against the dollar, with 1 euro buying $1.21. The British pound strengthened 0.1% against the U.S. dollar, with 1 pound buying $1.41.

In commodities, international benchmark Brent crude was up 0.6% to $68.93 a barrel. Gold declined 0.1% to $1,834.70 a troy ounce.

The German 10-year bund yield was down to minus 0.165% and the yield on 10-year U.K. government debt known as gilts declined to 0.827%. The 10-year U.S. Treasury yield slipped to 1.617% from 1.623% on Tuesday. Bond yields and prices move inversely.

Indexes in Asia were mixed as Hong Kong’s Hang Seng traded mostly flat and added 0.1% and China’s benchmark Shanghai Composite rose 0.6%, whereas Japan’s Nikkei 225 index fell 1.6% after trading higher 0.8% during the session.

The New York Stock Exchange on Tuesday.


Spencer Platt/Getty Images

—An artificial-intelligence tool was used in creating this article.

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