US Futures, European Stocks Fall as Bond Selloff Intensifies

In the U.S. futures for the S&P 500 were down 0.5% and futures for the Dow Jones Industrial Average declined 0.3%. Changes in futures do not necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 fell 0.3% in morning trading. Orpea added 3% and Tesco climbed 2.2%. On the other hand, Fresenius Medical Care dropped 4%, and Rheinmetall slipped 3.9%. The FTSE 100 lost 0.1%. Other stocks in Europe were down as France's CAC 40 decreased 0.3% and Germany's DAX dropped 0.5%.

The Wall Street Journal Dollar Index was flat at 100.78.

In commodities, Brent crude dropped 0.5% to $90.48 a barrel, and WTI crude fell 0.5% to $88.77 a barrel.

The German 10-year Bund yield climbed by 3 basis points to 3% from 2.968%, and the yield on the 10-year U.S. Treasury rose by 5 basis points to 4.85% from 4.804%. Bond prices and yields move in opposite directions.

Stocks in Asia were down as Japan's Nikkei 225 index declined 2.3%, whereas Hong Kong's Hang Seng fell 1.1%. Markets in China were closed.

-This article was automatically generated by MarketWatch.

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(END) Dow Jones Newswires

10-04-23 0354ET