U.S. Stock Futures Waver Ahead of Fed Minutes

U.S. stock futures wavered ahead of another volley of retail earnings reports and the release of minutes from the Federal Reserve’s most recent policy meeting.

S&P 500 futures were flat and futures on the Dow Jones Industrial Average slipped 0.1%. The contracts don’t necessarily predict market moves after the markets open.

European stocks advanced Wednesday for a two-day winning streak. The Stoxx Europe 600 climbed 0.1% in morning trade as gains in materials and utilities sectors were offset by losses in the energy sector.

The U.K.’s FTSE 100 added 0.2%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 gained 0.1%, the U.K.’s FTSE 250 added 0.1% and Germany’s DAX gained 0.1%.

The Swiss franc, the euro and the British pound were up 0.1% against the U.S. dollar.

In commodities, international benchmark Brent crude rose 0.8% to $69.58 a barrel. Gold was also up 0.3% to $1,793.50 a troy ounce.

The German 10-year bund yield slipped to minus 0.477% and 10-year U.K. government debt known as gilts yields declined to 0.555%. The 10-year U.S. Treasury yield strengthened to 1.268% from 1.258%. Bond yields and prices move inversely.

In Asia, indexes mostly climbed as Hong Kong’s Hang Seng rose 0.7%, Japan’s Nikkei 225 index added 0.6% and China’s benchmark Shanghai Composite gained 1.1%.

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