European Stocks Edge Lower on Friday
Stocks in Europe edged lower and U.S. futures were mixed as investors settled into a holding pattern, awaiting new catalysts. Treasuries were steady and the dollar was little changed after Thursday’s gyrations.
The Stoxx Europe 600 Index opened 0.1% lower, with cyclical industries including travel and real estate the biggest fallers.
Asian shares rounded out their first positive week in September on low volumes, driven by gains in China. Stocks in China accounted for the bulk of gains in Asia Pacific on Friday.
Elsewhere, gold climbed. Crude oil was trading higher above $41 a barrel and is up 10% this week.
- Futures on the S&P 500 were little changed as of 8:27 a.m. in London.Nasdaq 100 futures rose 0.4%.
- The Stoxx Europe 600 Index slipped 0.1%.
- The MSCI Asia Pacific Index rose 0.5%.
- The Bloomberg Dollar Spot Index slipped 0.1%.
- The euro bought $1.1868, up 0.2%.
- The British pound was little changed at $1.2977.
- The yen was at 104.65 per dollar, down 0.1%.
- The yield on 10-year Treasuries was little changed at 0.69%.
- Germany’s 10-year yield rose one basis point to -0.48%.
- The U.K.’s 10-year yield climbed one basis point to 0.2%.
- West Texas Intermediate crude was at $41.47 a barrel, up 1.2%.
- Gold was at $1,954.70 an ounce, up 0.5%.