European stocks inch higher, led by Hermès, while U.S. equity futures struggle
Hermès International shares were a standout gainer on Friday as European stocks rose modestly, while U.S. equity futures also inched higher.
The Stoxx Europe 600 index SXXP, +0.20% was up 0.3% to 413 after a 0.8% drop on Thursday. The index is flat for the week. Among regional indexes, the German DAX DAX, +0.44% rose 0.5%, the French CAC 40 PX1, +0.54% gained 0.6%, and the FTSE 100 UKX, +0.11% was flat.
U.S. stock futures YM00, +0.18% ES00, +0.27% NQ00, +0.32% were rising modestly, after a losing day on Wall Street led by a 0.7% drop for the Nasdaq Composite COMP, -0.72% that marked its longest losing streak since October, according to Dow Jones Market Data. Worries about higher borrowing costs and weak jobless claims data on Thursday contributed to those losses.
The 10-year Treasury ...