U.S. equity futures advanced with shares in Asia on Tuesday while European stocks fluctuated as investors kicked off the fourth quarter still grappling with a slew of macro risks. Japanese bonds and Treasuries led a broad retreat across sovereign debt.
Contracts for all three main U.S. equity indexes pointed to a second day of gains on Wall Street, but the Stoxx Europe 600 Index erased an early advance to edge lower after data showed the euro area’s manufacturing sector slumped in September. A weak government-debt auction in Tokyo roiled the bond market, and yields jumped almost everywhere. Otherwise the session across Asia was subdued as Hong Kong and China are closed for holidays. Japanese shares rose about 1%, while Australia’s dollar slid after the central bank cut its benchmark interest rate to a record low.
Futures on the S&P 500 Index climbed 0.3% as of 9:18 a.m. London time.
Source : Bloomberg