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Stock Futures Slip Ahead of Job Market Data


Oct. 12, 2021 3:41 am ET

U.S. stock futures ticked lower ahead of data on job openings and labor turnover that are expected to show the number of unfilled positions in August held steady from the prior month.

Futures on the S&P 500 slipped 0.4% and futures on the Dow Jones Industrial Average declined 0.4%. The contracts don’t necessarily predict market moves after the opening bell.

In Europe, the Stoxx Europe 600 fell 1.2% in morning trade dragged down by declines in healthcare and real-estate sectors.

The U.K.’s FTSE 100 shed 1.1%. Other stock indexes in Europe also mostly slipped as France’s CAC 40 fell 1.2%, the U.K.’s FTSE 250 was down 0.8% and Germany’s DAX was lower 1.2%.

The Swiss franc and the euro gained 0.1% against the U.S. dollar and the British pound was mostly flat against the dollar, with 1 pound buying $1.36.

In commodities, Brent crude declined 0.2% to $83.46 a barrel. Gold was up 0.3% to $1,761.70 a troy ounce.

The German 10-year bund yield fell to minus 0.124% and U.K. 10-year gilts yields slipped to 1.183%. The yield on 10-year U.S. Treasury was unchanged at 1.604% from Friday. Bond yields move inversely to prices.

Stocks in Asia mostly fell as Hong Kong’s Hang Seng lost 1.7%, Japan’s Nikkei 225 index declined 0.9% and China’s benchmark Shanghai Composite was lower 1.2%.

Concerns about inflation and slowing growth have dogged markets in recent weeks.

Photo: brendan mcdermid/Reuters

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

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