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.
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.
photo:
Michael Nagle/Zuma Press
,an artificial-intelligence tool was used in the making of this article.
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