Stock futures rise ahead of Fed’s decision

June 15, 2022 3:34 am ET

Stock futures posted modest gains ahead of the Federal Reserve’s policy decision, which investors expect could include the biggest rise in interest rates Since 1994.

The S&P 500 futures gained 0.3% and the Dow Jones Industrial Average futures gained 0.2%. Changes in equity futures do not necessarily predict market movements after the market opens.

European stocks climbed on Wednesday after falling for more than a week. The Stockx Europe 600 rose 0.8% in morning trading. The financial and industrial sectors led the gains while the energy sector lost ground.

Santander Bank

added 2.9% for the two-day winning streak and

Banco Bilbao Vizcaya Argentina

jumped 2.8%.

The UK’s FTSE 100 rose 0.8%. Other stock indexes in Europe also climbed mostly as France’s CAC 40 rose 1.4%, the UK’s FTSE 250 gained 1.2% and Germany’s DAX 1.1%.

The Swiss franc, the euro and the British pound were up 0.2%, 0.4% and 0.2%, respectively, against the US dollar.

Among commodities, international benchmark Brent crude fell 0.2% to $120.97 a barrel. Gold rose 0.5% to $1,821.80 per troy ounce.

Yields on the German 10-year bonds had fallen to 1.698% and the UK 10-year gilts to 2.415%. The 10-year US Treasury yield slipped to 3.390% from 3.482%. Yields move inversely to prices.

Hong Kong’s Hang Seng rose 1.1% and China’s benchmark Shanghai Composite rose 0.5%, while Japan’s Nikkei 225 index fell 1.1%, with indices in Asia mixed.

The S&P 500 plunged further into bear territory on Tuesday.


Michael Nagle/Zuma Press

,an artificial-intelligence tool was used in the making of this article.

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