Stock Futures Climb to Start the Week

May 23, 2022 3:38 a.m. ET

U.S. stock futures rose, suggesting the major indexes are set to open higher after posting their longest weekly losing streak in decades.

Futures on the S&P 500 rose 1.2% and the Dow Jones Industrial Average rose 1.1%. Changes in equity futures do not necessarily predict moves after the opening bell.

European stocks rallied on Monday for a two-session winning streak. The Stoxx Europe 600 index was up 1.2% in morning trade with gains led by industry and finance.

Aena SME gained 2.2% in two days of gains and Legal & General Group Plc gained 2.2%.

The UK’s FTSE 100, which is dominated by large international businesses, added 0.9 per cent. Other stock indexes in Europe were also mostly higher, with France’s CAC 40 up 0.9 percent, Britain’s FTSE 250 up 0.9 percent and Germany’s DAX up 1.7 percent.

The Swiss franc, euro and pound rose 0.4%, 0.3% and 0.5% against the US dollar, respectively.

In commodities, international benchmark Brent crude rose 1.1% to $113.77 a barrel. Gold also rose 0.5% to $1,852.00 an ounce.

The German 10-year gilt yield increased to 0.959% and the British 10-year gilt yield increased to 2.018%. The yield on the 10-year US Treasury note rose to 2.826% on Monday from 2.785% on Friday. Bond prices and yields move in opposite directions.

In Asia, indexes were mixed, with Japan’s Nikkei 225 up 1% and China’s Shanghai Composite flat after losing 0.6% in the session, while Hong Kong’s Hang Seng was 1 percentage point lower. .4%.

Traders worked on the New York Stock Exchange on Friday.


Ted Shaffrey / Associated Press

—An artificial intelligence engine was used to create this article.

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