Stock Futures Edge Down After Wall Street Rally

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The yield on 10-year US Treasurys inched higher

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Europe stocks advanced Wednesday for a four-day winning streak. The Stoxx Europe 600 gained 0.3% in morning trade. Utilities and consumer staples sectors led gains while materials and information technology sectors lost ground.

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SSE jumped 2.6% for a four-session run of gains and Uniper climbed 2.1%.

The UK’s FTSE 100 was largely flat. Other stock indexes in Europe mostly climbed as France’s CAC 40 rose 0.4%, the UK’s FTSE 250 added 0.3% and Germany’s DAX climbed 0.2%.

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The Swiss franc, the euro and the British pound slipped 0.2%, 0.3% and 0.5% respectively against the US dollar.

In commodities, Brent crude rose 0.5% to $112.54 a barrel. Gold was down 0.5% to $1,809.50 a troy ounce.

The yield on German 10-year bunds gained to 1.063% and UK 10-year gilts yields were down to 1.875%. 10-year US Treasury yields were up to 2.989% from 2.969%. Bond yields move inversely to prices.

Stocks in Asia were mixed as Hong Kong’s Hang Seng added 0.5% after falling as much as 0.9% during the session and Japan’s Nikkei 225 index climbed 0.9%, whereas China’s benchmark Shanghai Composite declined 0.2%.

—An artificial-intelligence tool was used in creating this article.

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Credit: www.Businesshala.com /

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