Stocks Steady as U.S. Futures Drop; Oil Declines

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Stocks were steady as U.S. futures slipped Thursday as investors weighed the possibility of reduced stimulus against the prospects of recovery from the pandemic. Oil declined and Treasury yields were stable.

The Stoxx Europe 600 Index hovered near a record as gains in miners and travel shares offset losses in health care. Planemaker Airbus SE climbed after telling suppliers it plans to raise output. Contracts on the SP 500 and Nasdaq 100 fell. In Asia, Chinese stocks and currency edged higher after Washington and Beijing held the first trade talks since Joe Biden became president.

Stocks

The Stoxx Europe 600 was little changed as of 818 a.m. London timeFutures on the SP 500 fell 0.3Futures on the Nasdaq 100 fell 0.4Futures on the Dow Jones Industrial Average fell 0.2The MSCI Asia Pacific Index was little changedThe MSCI Emerging Markets Index was little changed

Currencies

The Bloomberg Dollar Spot Index fell 0.1The euro was little changed at 1.2203The Japanese yen was little changed at 109.10 per dollarThe offshore yuan rose 0.1 to 6.3723 per dollarThe British pound was little changed at 1.4115

Bonds

The yield on 10year Treasuries was little changed at 1.58Germanys 10year yield was little changed at 0.20Britains 10year yield advanced one basis point to 0.76

Commodities

Brent crude fell 0.6 to 68 a barrelSpot gold rose 0.2 to 1,900 an ounce

Source FXPro

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