Stock Futures Pause Ahead of Fed Chairman’s Confirmation Hearing

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Treasury yield and US dollar fall

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European stocks rose on Tuesday after three days of losses. The Stockx Europe 600 added 1% in morning trading. Profits were led by the consumer discretionary and utility sectors.

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Delivery Hero jumped 7.8% and Okado Group jumped 2.5%.

The UK’s FTSE 100, which is dominated by large international businesses, climbed 0.5%. Other stock indexes in Europe also climbed mostly as France’s CAC 40 rose 1%, the UK’s FTSE 250 rose 0.9% and Germany’s DAX 0.9%.

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

Among commodities, international benchmark Brent crude gained 0.7% to trade at $81.45 a barrel. Gold also rose 0.5% to $1,808.00 per troy ounce.

The yield on the German 10-year bonds fell to minus 0.035% and the 10-year UK government debt, known as the gilt yield, fell to 1.184%. The 10-year US Treasury yield fell to 1.759% from 1.779% on Monday. Yields move in the opposite direction from prices.

Stocks in Asia mostly slipped as Hong Kong’s Hang Seng fell 0.4%, Japan’s Nikkei 225 index dropped 0.9% and China’s benchmark Shanghai Composite dropped 0.7%.

—An artificial-intelligence device was used in the making of this article.

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