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U.S. Stock Futures Point to Higher Open

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07/12/2019 | 09:29am EDT

By Lauren Almeida

-- U.S. futures advance

-- Asian, European stocks gain

-- Crude-oil prices rise

U.S. futures and European and Asian stocks rose at the end of a week that saw major central banks setting the stage for looser monetary policy.

The benchmark Stoxx Europe 600 index gained 0.1%, led by advances in the chemicals and auto sectors. German car maker Daimler was the only exception in its industry, falling 1.1% after it issued a profit warning. Shares of Anheuser-Busch InBev slipped 1.5% after the company's Asian unit said its IPO would price in the lower half of its range.

In the U.S., futures tied to the Dow Jones Industrial Average were up by 0.3% a day after the benchmark gauge crossed over 27000 for the first time. Shares of biotech firm Illumina plummeted by 14.7% in premarket trading after the San Diego company lowered expectations for second-quarter revenue.

Meanwhile, the yield on 10-year Treasurys edged down to 2.121%, from 2.122% Thursday. Yields fall when bond prices rise.

In Asia, the Shanghai Composite Index gained 0.4% and Japan's Nikkei ticked up 0.2%.

Data released Friday morning showed that eurozone industrial production rose sharply in May, raising hopes that the long slowdown in the region's manufacturing sector could be leveling off.

Minutes from the European Central Bank's recent meeting released on Thursday signaled fresh stimulus was under consideration. Earlier in the week, Federal Reserve Chairman Jerome Powell said the economic outlook hadn't improved, hinting at a coming interest-rate cut.

"Interest rates are low and they probably will remain lower for longer," said Christopher Peel, chief investment officer at Tavistock Wealth.

Global oil benchmark Brent crude rose by 0.4% to $66.78 a barrel, as traders anticipated supply disruptions from a storm in the Gulf of Mexico and rising tensions in the Middle East. Gold was up 0.1%.

Write to Lauren Almeida at lauren.almeida@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
CHINA-SHANGHAI COMP -0.11% 2880 End-of-day quote.15.30%
DJ INDUSTRIAL -0.66% 25962.44 Delayed Quote.12.04%
NASDAQ 100 -0.71% 7664.470939 Delayed Quote.20.13%
NASDAQ COMP. -0.68% 7948.560325 Delayed Quote.19.00%
NIKKEI 225 0.55% 20677.22 Real-time Quote.2.02%
S&P 500 -0.79% 2900.51 Delayed Quote.15.23%
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