Stock futures, oil prices down

Apr 22, 2022 3:37 pm ET

US stock futures edged lower, suggesting that major Wall Street indices would continue declines that came amid expectations of tighter monetary policy from the Federal Reserve.

S&P 500 futures fell 0.3% and futures on the Dow Jones Industrial Average fell 0.2%. Changes in stock futures do not necessarily predict market movements after the market opens.

In Europe, the Stoxx Europe 600 was down 1.1% in morning trade, dragged down by falls in the energy and consumer staples sectors.

The UK FTSE 100 fell 0.6%. Other equity indices in Europe also slid mostly as France’s CAC 40 was down 1.5%, Britain’s FTSE 250 was down 0.7% and Germany’s DAX was down 1%.

The Swiss franc, euro and pound sterling fell 0.1%, 0.2% and 0.7% respectively against the US dollar.

In commodities, Brent crude fell 0.7% to $107.25 a barrel. Gold rose 0.3% to $1,954.00 an ounce.

10-year German Bund yields were broadly unchanged and 10-year UK government bond yields, known as Gilts yields, fell to 1.990% from 2.012%. US 10-year Treasury yields edged up to 2.921% from 2.917%. Yields move inversely with prices.

Stocks in Asia were mixed as China’s benchmark Shanghai Composite rose 0.2% after falling as much as 0.7% during the session, while Hong Kong’s Hang Seng fell 0.1% and Japan’s Nikkei 225 index fell 1.6% was lower.

Wall Street stocks fell on Thursday after Federal Reserve Chair Jerome Powell signaled the central bank would hike interest rates by half a percentage point at its next meeting.


Courtney Crow/Associated Press

—An artificial intelligence tool was used in the creation of this article.

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