Global Markets Mixed; Investors Eye Nvidia Earnings

By Dow Jones Newswires StaffU.S. stock futures pointed to a slightly weaker open, while markets in Asia and Europe were mixed ahead of Nvidia's earnings later Wednesday.Long-dated Treasury yields were on the rise again after a weak auction of Japanese government bonds resurfaced investors' concerns about government debt.Weak demand at Japan's 40-year government bond auction sparked a renewed jump in ultra-long JGB yields, with some spillover to other markets. "Global yields are giving back some of their gains this morning," said market strategists at Deutsche Bank Research. The 10- and 30-year U.S. Treasury yields were last up four basis points to 4.474% and 4.981%, respectively, according to LSEG.Bank of Japan Governor Kazuo Ueda earlier pledged to closely monitor moves in the super-long bond sector. The 30-year Japanese bond yield last traded at 2.905%, up six basis points, while the 40-year yield rose four basis points to 3.348%.U.S. stock futures pointed to a slightly weaker open after the S&P 500 rose 2.1%, its biggest jump since May 12, and other major indexes gained in Tuesday's session. Early in Europe, S&P 500 futures nudged down 0.1% with similar moves in Dow Jones Industrials. Nasdaq futures were flat ahead of Nvidia's earnings.Stocks in Asia ended mixed. Japan's Nikkei 225 index was flat amid focus on the Bank of Japan's policy strategy. Hong Kong's Hang Seng fell 0.5% and China's benchmark Shanghai Composite held steady. South Korea's Kospi ended 1.2% higher. In Europe, the Stoxx Europe 600 gained 0.1% in morning trading, France's CAC 40 increased 0.1% and Germany's DAX climbed 0.2%. The U.K.'s FTSE 100 added 0.2%.The DXY Dollar Index was recently up 0.1% to 99.6650 against a basket of major currencies after a rebound in the Conference Board's U.S. consumer confidence survey for May. Still, the dollar continues to face downside risks in the near term as concerns over slowing U.S. economic growth and the budget deficit persist, ING analyst Francesco Pesole said in a note.Brent crude rose 0.7% to $64.02 a barrel. Gold futures were recently up 0.6% at $3,319.30 a troy ounce, recouping some losses incurred earlier in the week.Write to Barcelona Editors at [email protected]