U.S. Stock Futures Rise But Asia, European Markets Fall on Rate Cut Uncertainty

By Dow Jones Newswires Staff

U.S. stock futures rose after Nasdaq closed at another new record Thursday following Google-parent Alphabet's earnings and despite continued trade tensions and weaker-than-expected housing data. European stocks fell in line with Asia on uncertainty over Fed rate cuts.

--U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average climbed 0.1%. The S&P 500 added less than 0.1% Thursday for its fourth consecutive record, the longest such streak since December while the tech-heavy Nasdaq gained 0.2% to hit its 12th record of July.

--Asian markets mostly closed lower on profit taking, with Japan's Nikkei down 0.9%. Mainland stocks in China also declined, with Shanghai and ChiNext closing 0.3% and 0.1% lower, respectively. Shenzhen was down 0.1%. In Hong Kong, the Hang Seng fell 1.0%, mainly due to declines in consumer and technology stocks. South Korea's Kospi, however, finished 0.2% higher.

--European markets were in the red with Germany's DAX down 0.7% and London's FTSE 100 0.3% lower. The Stoxx 600 index was 0.5% lower led by Puma, which fell 17% after the sports brand lowered guidance on tariff-related headwinds. In London, bank NatWest led the premier index risers after raising its full year outlook and saying it plans a 750 million pounds share buyback in the second half-year.

--The German 10-year Bund yield rose by five basis points to 2.753% from 2.705%, and the yield on the 10-year U.S. Treasury climbed by one basis point to 4.412% from 4.402%. Bond prices and yields move in opposite directions.

--The Wall Street Journal Dollar Index rose 0.1% to 94.83.

--Oil prices rose as trade-talk optimism appeared to offset expectations of higher Venezuelan supply. In early trade, Brent crude was up 0.7% to $68.82 a barrel, while WTI was up 0.8% to $66.54 a barrel.

--Gold futures fell on firmer U.S. jobs data, but is on track for a small overall weekly gain. Futures were down 0.5% at $3,356.60 a troy ounce but were up 0.3% on the week.

Write to Barcelona Editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

July 25, 2025 04:02 ET (08:02 GMT)

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U.S. Stock Futures Rise But Asia, European Markets Fall on Rate Cut Uncertainty

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