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Stock Futures Rise to Start the Week

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U.S. stock futures put major indexes on course to extend their recent rally as investors considered the implications of a tight labor market on Federal Reserve policy.

Futures on the S&P 500 gained 0.3% and Dow Jones Industrial Average futures rose 0.3%. The contracts don’t necessarily predict moves after the opening bell.

In Europe, the Stoxx Europe 600 added 0.7% in morning trade. Financials and industrials sectors led gains while the healthcare sector lost ground.

The U.K.’s FTSE 100, which is dominated by large international businesses, climbed 0.6%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 added 0.7%, the U.K.’s FTSE 250 rose 0.3% and Germany’s DAX gained 0.9%.

The Swiss franc, the euro and the British pound strengthened 0.2%, 0.2% and 0.4% respectively against the U.S. dollar.

In commodities, international benchmark Brent crude was up 1.1% to $95.93 a barrel. Gold remained flat, at $1,792.00 a troy ounce.

German 10-year bund yields fell to 0.901% and the 10-year U.K. government debt known as gilts yield was down to 1.977%. The yield on 10-year U.S. Treasury slipped to 2.807% from 2.838% on Friday. Bond yields move inversely to prices.

Stocks in Asia were mixed as Japan’s Nikkei 225 index climbed 0.3% and China’s Shanghai Composite rose 0.3%, whereas Hong Kong’s Hang Seng lost 0.7%.

Traders worked on the floor of the New York Stock Exchange on Friday.



Photo:

angela weiss/Agence France-Presse/Getty Images

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

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