U.S. stock futures edged up ahead of the release of minutes from the Federal Reserve’s recent meeting, which will be combed for details on the path of interest-rate rises aimed at cooling inflation.
Futures on the S&P 500 were up 0.3% and futures tied to the Dow Jones Industrial Average gained 0.3%. Changes in futures don’t necessarily predict moves after the markets open.
In Europe, the Stoxx Europe 600 climbed 0.8% in morning trade. Gains were led by financials and industrials sectors.
The U.K.’s FTSE 100 rose 0.5%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 added 0.5%, the U.K.’s FTSE 250 added 0.7% and Germany’s DAX gained 0.7%.
The Swiss franc, the euro and the British pound dropped 0.3%, 0.5% and 0.1% respectively against the U.S. dollar.
In commodities, international benchmark Brent crude was up 1% to $111.79 a barrel. Gold declined 0.5% to $1,856.60 a troy ounce.
The yield on German 10-year bunds strengthened to 0.969% and U.K. 10-year gilts yields rose to 1.903%. 10-year U.S. Treasury yields edged up to 2.764% Wednesday from 2.758% on Tuesday. Bond yields and prices move inversely.
In Asia, indexes were mixed as Hong Kong’s Hang Seng climbed 0.6% and China’s benchmark Shanghai Composite gained 1.2%, whereas Japan’s Nikkei 225 index was down 0.3%.
The tech-focused Nasdaq Composite closed down about 2.4% on Tuesday.
Photo:
justin lane/Shutterstock
—An artificial-intelligence tool was used in creating this article.
Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
