US and European stock-index futures advanced, signaling renewed confidence after the Federal Reserve’s interest-rate cut, even as questions lingered over the pace of future policy easing.
Contracts for the S&P 500 advanced 0.4% while those for the Nasdaq 100 gained 0.6%, after the underlying benchmarks posted minor declines following the Fed’s decision. Treasuries recouped some of their losses, while a gauge of the dollar rose for a second day with Fed Chair Jerome Powell terming the move a “risk-management cut.”