U.S. stock futures declined, reversing course from a rally that came after the Federal Reserve announced the largest jump in interest rates in decades.
Futures on the S&P 500 slipped 1.4% and futures tied to the Dow Jones Industrial Average were down 1%. Changes in futures don’t necessarily predict moves after the markets open.
In Europe, the Stoxx Europe 600 was down 1% in morning trade. Consumer staples and consumer discretionary sectors posted the main losses while utilities sector rose.
Persimmon PLC declined 6.2% and Uniper fell 4%.
The U.K.’s FTSE 100 shed 1%. Other stock indexes in Europe also mostly slipped as France’s CAC 40 was lower 1.2%, the U.K.’s FTSE 250 lost 1.1% and Germany’s DAX fell 1.2%.
The Swiss franc, the euro and the British pound dropped 0.4%, 0.6% and 0.9% respectively against the U.S. dollar.
In commodities, international benchmark Brent crude rose 0.7% to $119.38 a barrel. Gold was also up 0.6% to $1,830.10 a troy ounce.
The yield on German 10-year bunds strengthened to 1.663% and the 10-year gilts yield declined to 2.426%. 10-year U.S. Treasury yields were up to 3.356% from 3.389%. Yields move inversely to prices.
Stocks in Asia were mixed as Japan’s Nikkei 225 index climbed 0.4%, whereas Hong Kong’s Hang Seng was down 1.5% after gaining 1% during the session and China’s benchmark Shanghai Composite fell 0.6%.
Stocks on Wall Street advanced on Wednesday after the Federal Reserve’s interest-rate decision.
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—An artificial-intelligence tool was used in creating this article.
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