Stock Futures Inch Up Amid Softer Oil Prices

March 29, 2022 3:37 am ET

U.S. stock futures edged up as a pullback in oil prices eased some concerns around near-term inflation.

S&P 500 futures strengthened 0.2% and futures on the Dow Jones Industrial Average were up 0.3%. Changes in futures don’t necessarily predict market moves after the markets open.

In Europe, the Stoxx Europe 600 added 1% in morning trade with the healthcare and real-estate sectors leading gains.

The U.K.’s FTSE 100 gained 0.8%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 rose 1.3%, the U.K.’s FTSE 250 climbed 0.4% and Germany’s DAX climbed 1.1%.

The Swiss franc and the British pound lost 0.1% against the U.S. dollar whereas the euro gained 0.1% against the U.S. dollar, with 1 euro buying $1.10.

In commodities, Brent crude declined 0.5% to $108.99 a barrel. Gold was also down 0.9% to $1,922.80 a troy ounce.

The yield on German 10-year bunds rose to 0.623% and U.K. 10-year gilts yields rose to 1.659%. 10-year U.S. Treasury yields strengthened to 2.482% from 2.476%. Yields move inversely to prices.

In Asia, indexes were mixed as Hong Kong’s Hang Seng added 1% and Japan’s Nikkei 225 index rose 1.1%, whereas China’s Shanghai Composite was down 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 creating this article.

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8