Stock futures rise slightly amid falling oil prices

March 29, 2022 3:37 a.m. ET

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

S&P 500 futures gained 0.2% and Dow Jones Industrial Average futures rose 0.3%. Changes in futures contracts do not necessarily predict market movements after the markets open.

In Europe, the Stoxx Europe 600 gained 1% in morning trading, with the healthcare and real estate sectors leading the gains.

Britain’s FTSE 100 gained 0.8%. Other equity indices in Europe were also mostly up, with France’s CAC 40 up 1.3%, Britain’s FTSE 250 0.4% and Germany’s DAX 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 fell 0.5% to $108.99 a barrel. Gold was also down 0.9% at $1,922.80 per troy ounce.

The yield on German 10-year bunds rose to 0.623% and that of UK 10-year gilts to 1.659%. 10-year US Treasury yields strengthened to 2.482% from 2.476%. Yields move inversely to prices.

In Asia, indices were mixed, with Hong Kong’s Hang Seng up 1% and Japan’s Nikkei 225 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 to create this article.

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Felix J. Dixon