U.S. equity futures advanced and stocks edged

U.S. equity futures advanced and stocks edged higher in Europe as bank shares rallied and bond yields climbed globally. Gold rebounded after finding support below $1,900 an ounce.

Stocks

  • Futures on the S&P 500 Index climbed 0.9% .
  • The Stoxx Europe 600 Index gained 0.3%.
  • The MSCI Asia Pacific Index increased 0.2%.
  • The MSCI Emerging Market Index was little changed.

Currencies

  • The euro gained 0.3% to $1.1773.
  • The British pound was little changed at $1.3051.
  • The onshore yuan was little changed at 6.945 per dollar.
  • The Japanese yen weakened 0.3% to 106.84 per dollar.

Bonds

  • The yield on 10-year Treasuries gained three basis points to 0.68%.
  • The yield on two-year Treasuries climbed one basis point to 0.15%.
  • Germany’s 10-year yield jumped four basis points to -0.44%.
  • Britain’s 10-year yield rose four basis points to 0.237%.
  • Japan’s 10-year yield increased one basis point to 0.045%.

Commodities

  • West Texas Intermediate crude gained 1.6% to $42.26 a barrel.
  • Brent crude rose 1.5% to $45.17 a barrel.
  • Gold strengthened 1% to $1,930.74 an ounce

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