Stock futures drop to start the week


US equity futures topped industrial production figures and another flurry of corporate earnings reports.

S&P 500 futures fell 0.3% and Dow Jones Industrial Average futures slipped 0.2%. Contracts do not necessarily predict movements after the markets open.

In Europe, the Stoxx Europe 600 lost 0.3% in morning trading. The health care and real estate sectors led the losses while the utilities and energy sectors increased.

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Traders Gordon Charlop, left, and John Panin work on the floor of the New York Stock Exchange on Tuesday, February 6, 2018.

The UK’s FTSE 100, dominated by large international companies, fell 0.1%. Other stock indices in Europe were mixed, with the UK FTSE 250 being broadly stable, while the French CAC 40 was down 0.7% and the German DAX lost 0.3%.

The Swiss franc and the euro fell 0.2% and 0.1% respectively against the US dollar while the British pound remained stable against the US dollar, with 1 pound buying $ 1.37.

In commodities, international benchmark Brent crude rose 0.6% to $ 85.41 a barrel. Gold fell 0.3% to $ 1,763.30 per troy ounce.

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German 10-year Bund yields gained minus 0.142% and UK 10-year gilts yielded higher to 1.129%. The 10-year US Treasury yields rose to 1.607% from 1.574% on Friday. Yields and prices move in opposite directions.

In Asia, the indices fell mainly, with Hong Kong’s Hang Seng falling 0.7%, Japan’s Nikkei 225 index 0.1% and China’s Shanghai Composite falling 0.1%.

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