Stock Futures Fall Ahead of Producer-Price Data

May 12, 2022 3:40 a.m. ET

U.S. stock futures slipped ahead of producer price data, a day after consumer-inflation data showed signs of moderation but still beat economists’ expectations.

Futures on the S&P 500 fell 0.5% and futures on the Dow Jones Industrial Average fell 0.4%. Contracts do not necessarily predict market movements after the market opens.

In Europe, the Stoxx Europe 600 index was 2.1% lower in morning trade, dragging down the consumer goods and energy sectors.

BP fell 4% and Anheuser-Busch InBev fell 2.3%.

The UK’s FTSE 100 fell 2%. Other stock indexes in Europe also mostly slid, with France’s CAC 40 down 2.2%, Britain’s FTSE 250 down 1.5% and Germany’s DAX down 2.2%.

The Swiss franc, euro and British pound fell 0.3%, 0.6% and 0.5% against the US dollar, respectively.

On the commodity front, Brent crude fell 2.1% to $105.28 a barrel. Gold also fell 0.4 percent to $1,846.70 an ounce.

The German 10-year bundle yield fell to 0.889% and the yield on the British government’s 10-year debt so-called gilt fell to 1.742%. The yield on the 10-year US Treasury note fell from 2.918% to 2.833%. Output is inversely proportional to price.

In Asia, indexes were mostly lower, with Hong Kong’s Hang Seng down 2.2%, Japan’s Nikkei 225 down 1.8% and China’s Shanghai Composite down 0.1%.

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



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

Copyright © 2022 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8 Stock Futures Fall Ahead of Producer-Price Data

Edmund DeMarche is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button