Stock Futures Edge Lower After Amazon Loss

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European and Asian markets jump, while crude gains

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European stocks climbed Friday for a two-session run of gains. The Stoxx Europe 600 added 0.8% in morning trade, with the materials and consumer-staples sectors leading gains.

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BP jumped 0.6% and Repsol rose 2%. Umicore fell 0.5% and J Sainsbury declined 0.5%.

The FTSE 100 gained 0.4%. Other stocks in Europe mostly climbed, with France’s CAC 40 up 0.7%, UK’s FTSE 250 0.4% higher and Germany’s DAX adding 0.8%.

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The Swiss franc, the euro and the British pound were up 0.1%, 0.4% and 0.5%, respectively, against the US dollar.

In commodities, Brent crude strengthened 0.5% to $107.81 a barrel. Gold also gained 1.1% to $1,912.90 a troy ounce.

German 10-year bund yields declined to 0.883% from 0.904% and UK 10-year gilt yields fell to 1.853% from 1.878%. The yield on the 10-year US Treasury was up to 2.844% from 2.810%. Yields move inversely to prices.

In Asia, Hong Kong’s Hang Seng climbed 3.1% after falling as much as 1% earlier and China’s benchmark Shanghai Composite rose 2.4%.

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

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Credit: www.Businesshala.com /

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