May 31, 2022 3:39 am ET
US stock futures fell after EU pledges and crude prices rose recently curb oil purchases from Russia.
The S&P 500 futures fell 0.3% and the Dow Jones Industrial Average futures fell 0.3%. Contracts do not necessarily predict movements once the market opens.
International benchmark Brent crude rose 1.5% to $119.33 a barrel. US crude benchmark West Texas Intermediate climbed more than 3% to $118.73 a barrel.
In Europe, the Stocks Europe 600 was down 0.3% in morning trade. The industrial and financial sectors narrowed the deficit while the consumer staples and energy sectors increased.
The UK’s FTSE 100 rose 0.2%. Other stock indexes in Europe mostly slipped as France’s CAC 40 was down 0.4%, the UK’s FTSE 250 was down 0.2% and Germany’s DAX 0.5%.
The Swiss franc, the euro and the British pound declined 0.4%, 0.3% and 0.3%, respectively, against the US dollar.
In commodities, gold was flat at $1,857.70 per troy ounce.
The German 10-year bundle yield was as low as 1.047% and the 10-year UK government debt yield, known as the gilt, declined to 1.985%. The yield on the 10-year US Treasury was up 2.748% on Friday to 2.817%. Yields move in the opposite direction from prices.
In Asia, the index was mixed as Hong Kong’s Hang Seng rose 0.9% and China’s benchmark Shanghai Composite rose 1.2%, while Japan’s Nikkei 225 index fell 0.3%.
Traders work on the floor of the New York Stock Exchange on Friday.
photo:
Courtney Crowe / Zuma Press
,an artificial-intelligence tool was used in the making of this article.
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