Oil prices rise, stock futures fluctuate after volatile session

New York Stock Exchange.


Photo:

Allie Joseph / Associated Press

March 11, 2022 3:38 a.m. ET

Oil prices rebounded and stock futures fluctuated as Russia escalated its attacks on the Ukrainian city of Mariupol.

S&P 500 futures are trading sideways and Dow Jones Industrial Average futures are trading sideways. Changes in futures contracts do not necessarily predict market action after the market opens. On Thursday, both indexes closed lower.

In Europe, the Stoxx Europe 600 gained 0.6% on Friday. The materials and energy sectors led the gain, while the consumer staples sector lost ground. The UK’s FTSE 100 adds 0.9%. Other European shares also mostly gained as France’s CAC 40 gained 0.4%, FTSE 250 gained 1.3% and Germany’s DAX gained 0.6%.

On the commodity front, Brent crude rose 2.3% to $111.88 a barrel. Gold fell 0.3% to $1,994.80 an ounce.

The yield on the 10-year US Treasury note fell from 1.994% to 1.980%. The German 10-year sow yield fell from 0.275 percent to 0.261% and the UK 10-year gilt yield fell to 1.514% from 1.523%. Yields and prices move in opposite directions.

The euro and pound lost 0.3% and 0.1% respectively against the US dollar while the Swiss franc was mostly flat against the dollar, with 1 franc buying 1.08 dollars.

Indices in Asia were mixed, with China’s Shanghai Composite up 0.4% after falling 2.3% in the session, while Hong Kong’s Hang Seng fell 1.2% and the index fell 1.2%. Japan’s Nikkei 225 is 2.1% lower.

—An artificial intelligence engine was used to create this article.

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https://www.wsj.com/articles/global-stocks-markets-dow-update-03-11-2022-11646987861?mod=rss_markets_main Oil prices rise, stock futures fluctuate after volatile session

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