Stock Futures Gain Ahead of Income Data, Energy Earnings

Stock Futures Gain Ahead of Income Data, Energy Earnings #Stock #Futures #Gain #Ahead #Income #Data #Energy #Earnings Welcome to Lopoid

Updated July 29, 2022 3:39 am ET

U.S. stock futures climbed, pointing to a third consecutive day of gains on Wall Street with income and employment cost data and earnings updates from major energy companies on tap.

S&P 500 futures rose 0.7% and futures on the Dow Jones Industrial Average strengthened 0.2%. The contracts don’t necessarily predict movements after the markets open.

Europe stocks advanced Friday for a three-day run of gains. The Stoxx Europe 600 climbed 0.6% in morning trade. Financials and industrials sectors led gains while healthcare and consumer staples sectors lost ground.

Banco Bilbao Vizcaya Argentaria

added 5% for a three-session winning streak and

Aéroports de Paris

jumped 6.5%.

Intertek Group

fell 6.6% and Jupiter Fund Management PLC slipped 7.3%.

The U.K.’s FTSE 100 gained 0.2%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 gained 1.4%, the U.K.’s FTSE 250 climbed 0.5% and Germany’s DAX added 0.6%.

The Swiss franc, the euro and the British pound were up 0.3%, 0.4% and 0.4% respectively against the U.S. dollar.

In commodities, Brent crude rose 0.8% to $102.67 a barrel. Gold was also up 0.8% to $1,764.20 a troy ounce.

German 10-year bund yields gained to 0.858% and the yield on 10-year U.K. government debt known as gilts strengthened to 1.905%. 10-year U.S. Treasury yields were up to 2.682% from 2.680%. Bond yields move inversely to prices.

Stocks in Asia mostly fell as Hong Kong’s Hang Seng was lower 2.8%, Japan’s Nikkei 225 index was flat and China’s benchmark Shanghai Composite shed 0.9%.

Traders work on the floor of the New York Stock Exchange on Monday.

Photo:

Spencer Platt/Getty Images

—An artificial-intelligence tool was used in creating this article.

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