Global Markets Are Mixed; U.S. Stock Futures Lower
By Dow Jones Newswires StaffGlobal stock markets are mixed while U.S. stock futures are lower after declines on Wall Street Monday, as fresh optimism on trade deals from Treasury Secretary Scott Bessent was weighed against President Trump's comments over the weekend calling for 100% tariffs on movies made overseas.The dollar was steady ahead of the Federal Reserve interest-rate decision on Wednesday, while Treasury yields rose.U.S. stock futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average decreased 0.2%. Nasdaq stock futures were down around 0.5%. In Europe, the Stoxx 600 started pretty much flat, as did other major stock markets. The U.K.'s FTSE 100 blue-chip index rose 0.3%. Food-delivery Deliveroo company rose 2% after DoorDash's $3.86 billion takeover offer.In Asia, the Shanghai Composite index closed up 1.1% and Hong Kong's Hang Seng gained 0.9%. Markets in Japan were closed.The U.S. dollar was steady, with the DXY dollar index flat at 99.8040 against a basket of major currencies. Meanwhile, U.S. Treasury yields extended their rise pulled by the long end of the curve; the 10-year Treasury yield was last up 3 basis points to 4.370% while the 30-year yield increased 4 basis points to last trade at 4.865%, according to LSEG data.Gold futures rallied to near two-week highs, up 1.9% to $3,384.70 a troy ounce, recovering from late April's selloff in a sign that investor remains unconvinced the risks around the trade war have subsided, ANZ Research analysts said in a note.Oil prices were up more than 2% in early European trading after tumbling in the previous session due to mounting concerns over a global supply glut. Brent crude was up 2.2% to $61.57 a barrel with market watchers citing a technical rebound.Write to Barcelona Editors at [email protected]