U.S. Futures, European Stocks Fall

U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.2% in morning trading. QinetiQ Group rose 8.8% and Syensqo added 4.3%. On the other hand, Hexagon Series B slipped 15.8%, and ConvaTec Group fell 3.5%. The FTSE 100 lost 0.4%. Other stocks in Europe were down as France's CAC 40 decreased 0.1% and Germany's DAX fell 0.3%. The Wall Street Journal Dollar Index climbed 0.2% to 95.95. In commodities, Brent crude gained 1.4% to $106.47 a barrel, and WTI crude rose 1.6% to $99.87 a barrel. The European benchmark price for natural gas, the Dutch futures contract TTF, was up 0.2% to 49.54 euros a megawatt hour. The German 10-year Bund yield fell by 1 basis point to 3.089% from 3.096%, and the yield on the 10-year U.S. Treasury rose by 1 basis point to 4.598% from 4.592%. Bond prices and yields move in opposite directions. Stocks in Asia were mixed as Japan's Nikkei 225 index gained 3.1%, whereas Hong Kong's Hang Seng declined 1%. China's benchmark Shanghai Composite declined 2%.