Stock Futures Slip, Oil Prices Jump

May 31, 2022 3:39 a.m. ET

US stock futures fell and crude oil prices extended recent gains after the European Union pledged to limit oil purchases from Russia.

S&P 500 futures fell 0.3 percent and Dow Jones Industrial Average futures fell 0.3 percent. Contracts do not necessarily predict movements after the market opens.

International benchmark Brent crude rose 1.5% to $119.33 a barrel. West Texas Intermediate, the US crude benchmark, rose more than 3% to $118.73 a barrel.

In Europe, the Stoxx Europe 600 lost 0.3% in morning trading. The industrial and financial sectors led to losses while the consumer and energy sectors gained.

Britain’s FTSE 100 rose 0.2%. Other stock indexes in Europe were mostly down, with France’s CAC 40 down 0.4%, Britain’s FTSE 250 down 0.2% and Germany’s DAX down 0.5%.

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

Elsewhere, gold was flat, at $1,857.70 an ounce.

The German 10-year bundle yield fell to 1.047% and the yield on the British government’s 10-year debt so-called gilt was reduced to 1.985%. The yield on the 10-year US Treasury note rose to 2.817% from 2.748 percent on Friday. Yields move in the opposite direction of price.

In Asia, indexes were mixed, with Hong Kong’s Hang Seng up 0.9% and China’s Shanghai Composite up 1.2%, while Japan’s Nikkei 225 fell 0.3%.

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


Courtney Crow / Zuma Press

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

Copyright © 2022 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8 Stock Futures Slip, Oil Prices Jump

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