Stock futures fall ahead of labor market data

Oct 12, 2021 3:41 AM ET

US stock futures fell ahead of data on job vacancies and labor turnover expected to show the number of job openings in August, which remained flat compared to the previous month.

S&P 500 futures were down 0.4% and Dow Jones Industrial Average futures were down 0.4%. Contracts do not necessarily anticipate market movements after the opening bell.

In Europe, the Stoxx Europe 600 was down 1.2% in morning trade, weighed down by declines in the healthcare and real estate sectors.

Britain’s FTSE 100 Index fell 1.1%. Other stock indices in Europe were also lower with France’s CAC 40 down 1.2%, Britain’s FTSE 250 down 0.8%, and Germany’s DAX down 1.2%.

The Swiss franc and the euro rose 0.1% against the US dollar, and the British pound was mostly flat against the dollar, buying one pound for $1.36.

In commodities, Brent crude was down 0.2% to $83.46 a barrel. Gold rose 0.3% to $1,761.70 an ounce.

The German 10-year bond yield fell to -0.124% and the British 10-year bond yield fell to 1.183%. The yield on the US 10-year Treasury was unchanged at 1.604% from Friday. Bond yields move inversely with prices.

Most stocks fell in Asia with Hong Kong’s Hang Seng losing 1.7%, Japan’s Nikkei 225 losing 0.9%, and China’s Shanghai Composite losing 1.2%.

Concerns about inflation and slowing growth have roiled the markets in recent weeks.


Photo:

Brendan McDermid/Reuters

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