Opening Bell: U.S. Futures, Oil Bounce On China Data Trifecta; Qualcomm Soars
- U.S. futures get a boost from China’s triple data beats; STOXX 600 gaps down
- Yields on U.S. Treasurys, Chinese bonds surge as investors switch to risk assets
- Qualcomm stock spikes on surprise settlement with Apple
- Oil jumps above $64 on China optimism and inventory drop
- The MSCI All-Country World Index advanced less than 0.05%.
- The U.K.’s FTSE 100 Index dropped 0.3%.
- The MSCI Emerging Market Index gained 0.3% to the highest in 10 months.
- The Dollar Index dropped 0.21%.
- The euro gained 0.2% to $1.1309, the strongest in more than three weeks.
- The British pound climbed 0.1% to $1.3057.
- The Japanese yen rose less than 0.05% to 111.98 per dollar.
- The yield on 10-year Treasurys edged one basis point higher to 2.60%, the highest in more than four weeks.
- Germany’s 10-year yield rose two basis points to 0.09%.
- Britain’s 10-year yield ticked two basis points higher to 1.24%.
- Japan’s 10-year yield gained one basis point to -0.01%.