Stock Futures Edge Up, Crude Prices Extend Gains
U.S. stock futures ticked higher as the crisis in Ukraine continued to unfold, with crude prices extending their climb.
S&P 500 futures were up 0.3% and futures tied to the Dow Jones Industrial Average rose 0.4%. Changes in futures don’t necessarily predict market moves after the opening bell.
In Europe, the Stoxx Europe 600 was lower 0.2% in morning trade as gains in materials and energy sectors were offset by losses in consumer staples and financials sectors.
jumped 2.8% snapping a losing streak of more than a week and Rio Tinto Group added 3.8%.
slipped 8.6% after more than one week inching lower and
fell 2.6%.
The U.K.’s FTSE 100, which is dominated by large international businesses, gained 0.7%. Other stock indexes in Europe were mixed as the U.K.’s FTSE 250 climbed 0.3%, whereas France’s CAC 40 declined 0.5% and Germany’s DAX lost 0.7%.
The euro and the British pound were down 0.2% and 0.3% respectively against the dollar whereas the Swiss franc was mostly flat against the dollar, with 1 franc buying $1.09.
In commodities, Brent crude was up 6.1% to $111.40 a barrel. Gold was down 0.2% to $1,939.80 a troy ounce.
German 10-year bund yields were up to minus 0.036% and the 10-year U.K. government debt known as gilts yield gained to 1.186%. 10-year U.S. Treasury yields strengthened to 1.728% from 1.708%. Yields move inversely to bond prices.
Stocks in Asia mostly fell as Hong Kong’s Hang Seng shed 0.6%, Japan’s Nikkei 225 index was down 1.4% and China’s benchmark Shanghai Composite declined 0.1%.
A trader worked on the floor of the New York Stock Exchange on Monday.
Photo:
Michael Nagle/Zuma Press
—An artificial-intelligence tool was used in creating this article.
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