U.S. stock futures held on to gains and European shares followed Asia higher at the end of a week when sentiment was bolstered by a more dovish tone from the Federal Reserve and hopes for a breakthrough on trade. The dollar slipped and Treasuries climbed.
Futures on the S&P 500 Index climbed less than 0.05 percent as of 10:07 a.m. London time. Contracts on the Dow, S&P and Nasdaq indexes were all range-bound, while real estate companies led the Stoxx Europe 600 Index higher. In Asia, shares rose in Shanghai, Tokyo, Seoul and Hong Kong. The greenback was set for a fourth week of losses after Fed Chairman Jerome Powell underscored the message of patience with further interest-rate hikes, while saying the central bank will keep shrinking its balance sheet. European debt tracked Treasuries higher. The pound edged higher as U.K. politicians continued to debate Prime Minister Theresa May’s Brexit deal.
Source : Bloomberg