Stock futures edge down as energy prices climb

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US oil was trading at over $80 a barrel

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US stock futures declined while crude oil and natural gas prices extended their climb.

S&P 500 futures were down 0.2% and futures on the Dow Jones Industrial Average were down 0.1%. Contracts do not necessarily predict market movements after the opening bell.

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In Europe, the Stocks Europe 600 deviated after a flat line in morning trade as gains in the materials and energy sectors were muted by losses in the communications services and real estate sectors.

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The UK’s FTSE 100 rose 0.2%. Other stock indexes in Europe were mixed as France’s CAC 40 was broadly flat, while the UK’s FTSE 250 was down 0.2% and Germany’s DAX 0.2%.

The Swiss franc and British pound were up 0.1% against the US dollar and the euro was mostly flat against the dollar, with 1 euro trading at $1.16.

Among commodities, Brent crude rose 1.7% to $83.75 a barrel. Gold fell 0.2% to $1,754.70 per troy ounce.

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The yield on the German 10-year bond rose to minus 0.126% and the yield on the UK 10-year gilt rose to 1.203%. Yields move in the opposite direction from prices.

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Stocks in Asia were mixed as Hong Kong’s Hang Seng rose 1.9% and Japan’s Nikkei 225 index rose 1.6%, while China’s benchmark Shanghai Composite was flat after adding 0.6% during the session.

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


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