U.S. Futures, European Stocks Rise on Renewed Rate Cut Hopes

U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average rose 0.1%. Changes in futures do not necessarily predict movements after the opening bell.

In Europe, the UK market was closed. Other stocks in Europe were up. France's CAC 40 increased 0.3% and Germany's DAX climbed 0.3%.

The Wall Street Journal Dollar Index was flat at 99.49.

The German 10-year Bund yield declined by 2 basis points to 2.475% from 2.498%, and the yield on the 10-year U.S. Treasury was flat at 4.518%. Bond prices and yields move in opposite directions.

Stocks in Asia were up. Markets in Japan were closed. Hong Kong's Hang Seng gained 0.5%. China's benchmark Shanghai Composite climbed 1.2%.

-This article was automatically generated by MarketWatch.

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(END) Dow Jones Newswires

05-06-24 0351ET