Stock futures rise amid weaker oil prices

March 29, 2022 3:37 pm ET

US stock futures edged higher as a drop in oil prices eased some concerns about near-term inflation.

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

In Europe, the Stoxx Europe 600 was up 1% in morning trade, with the healthcare and real estate sectors posting the biggest gains.

The UK FTSE 100 gained 0.8%. Other equity indices in Europe were also mostly higher, with France’s CAC 40 up 1.3%, Britain’s FTSE 250 up 0.4% and Germany’s DAX up 1.1%.

The Swiss Franc and British Pound lost 0.1% against the US Dollar, while the Euro gained 0.1% against the US Dollar, with 1 Euro buying $1.10.

In commodities, Brent crude fell 0.5% to $108.99 a barrel. Gold also fell 0.9% to $1,922.80 an ounce.

The 10-year German Bund yield rose to 0.623% and the 10-year UK Gilt yield rose to 1.659%. US 10-year Treasury yields rose to 2.482% from 2.476%. Yields move inversely with prices.

In Asia, indices were mixed as Hong Kong’s Hang Seng rose 1% and Japan’s Nikkei 225 Index rose 1.1%, while China’s Shanghai Composite fell 0.3%.

Traders worked on the floor of the New York Stock Exchange on Monday.


Photo:

Nicole Pereira/Associated Press

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

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