Stock Futures, oil prices down

April 22, 2022 03:37 (ET).

U.S. stock futures declined, suggesting high Wall Street indexes would extend the decline in hopes of a tighter Federal Reserve monetary policy.

S&P 500 futures fell 0.3% and Dow Jones Industrial Average futures fell 0.2%. Changes in stock futures do not necessarily predict market movements after the markets have opened.

In Europe, the Stoxx Europe 600 fell 1.1% in morning trading due to the slowdown in the energy and consumer goods sectors.

The UK FTSE fell 100% to 0.6%. Other European stock market indices also fell the most, with the French CAC falling by 40% to 1.5%, the UK FTSE losing 250% by 0.7 and the German DAX by 1%.

The Swiss franc, the euro and the British pound fell 0.1%, 0.2% and 0.7%, respectively, against the US dollar.

In raw materials, Brent crude fell 0.7% to $ 107.25 a barrel. Gold rose 0.3% to $ 1,954.00 an ounce.

The yields on the German 10-year bund were very similar and the 10-year government debt of the UK, known as gilts yields, fell to 1.990% from 2,012%. 10-year U.S. Treasury yields rose to 2.921% from 2.917%. Profits move in the opposite direction of prices.

Shares of Asia were mixed, with China’s Shanghai Composite benchmark rising 0.2% during the session to 0.7%, Hong Kong’s Hang Seng fell 0.1% and Japan’s Nikkei 225 index was 1.6% lower.

Shares of Wall Street fell on Thursday after Federal Reserve Chairman Jerome Powell announced at the next meeting that the central bank would raise interest rates by half a percent.


Courtney Crow / Associated Press

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

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Stock Futures, oil prices down

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