May 17, 2022 3:28 am ET
Futures on stocks rose ahead of monthly retail sales figures that will follow clues about consumer behavior during a period of rapid inflation.
Futures on the S&P 500 rose 0.6% and futures on the Dow Jones Industrial Average rose 0.4%. Contracts do not necessarily predict movement after the opening call.
On Tuesday, European exchanges rose to a series of three sessions. Stoxx Europe 600 added 0.9% in morning trading. The materials and energy sectors led to growth, and the communications and health services sectors lost ground.
The British FTSE 100 rose 0.3%. Other stock indices in Europe also rose mostly: the French CAC 40 added 0.8%, the British FTSE 250 rose 0.5% and the German DAX – 0.9%.
The Swiss franc, the euro and the British pound strengthened against the US dollar by 0.2%, 0.3% and 0.6% respectively.
Brent crude fell 0.2% to $ 114.05 a barrel. Gold rose 0.6% to $ 1,825.70 an ounce.
The yield on German 10-year loans reached 1,004%, and the yield on Britain’s 10-year public debt, known as the guillotine, rose to 1.824%. The yield on 10-year U.S. Treasury facing rose to 2.920% from 2.877%. Yields are moving back to bond prices.
In Asia, the indexes rose mostly: Hong Kong’s Hang Seng rose 2.6%, Japan’s Nikkei 225 rose 0.4% and China’s Shanghai Composite benchmark rose 0.6% after falling 0.5% during the session.
—An artificial intelligence tool was used to create this article.
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