The European stocks and US stock futures rose on Thursday after equity markets suffered a bout of selling the previous day, while the dollar fell due to the rise in the euro, the yen and the pound sterling. Attention is on the elections in the US in which Kamala Harris and Donald Trump will compete for the presidency on November 5.
The European STOXX 600 index rose 0.57% after falling in the previous three sessions, around 1.2% in total. The British FTSE 100 gained 0.78% and the German DAX gained 0.65%.
Nasdaq futures added 0.73% after Tesla shares soared 12% in after-hours trading after the electric vehicle maker reported strong third-quarter earnings and surprised analysts with a prediction of 20-30% sales growth next year.
S&P 500 futures rose 0.41% after the stock index fell 0.9% on Wednesday.
Corporate earnings reports also helped the mood in Europe, with Renault, Unilever and Hermes rising after publishing their results.
In Asia, the Nikkei of Tokyo rose 0.1%, but Hong Kong’s Hang Seng Index and China’s blue-chip stock index fell more than 1%, tracking Wall Street stocks lower.
For its part, the dollar index fell 0.23%, while the pound, the euro and the yen rose. The index, which measures the price of the dollar against six currencies, reached a three-month high of 105.47 points on Wednesday.
He euro rose 0.14% to $1.0797, rebounding slightly after falling to three-month lows on Wednesday.
The German Purchasing Managers’ Index (PMI), an indicator of the health of the private sector, posted a slightly better-than-expected reading, lifting the euro slightly. However, the weaker-than-expected Eurozone PMI capped gains.
The pound rose 0.31% to $1.2963, supported by a rise in British government bond yields, which fell following the publication of an article alleging that Finance Minister Rachel Reeves Much more borrowing room was to be granted in next week’s budget.
For its part, the dollar fell 0.5% against the yen, to 152 units per dollar, after the rapid rebound in recent days.
In fixed income markets, The yield on benchmark 10-year US Treasury bonds fell 5 basis pointsto 4.196%, retreating after rising to a three-month high of 4.26% on Wednesday.
He oil, which had fallen due to the large accumulation of crude oil inventories in the United States, recovered part of the losses, and Brent futures rose 1.61%, to $76.17 a barrel.
Source: Ambito
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