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Stock Futures Point to Weekly Gain

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June 24, 2022 3:34 am ET

U.S. stock futures rose as investors shifted their views about central bank policy after weak economic data, putting major indexes on track for their first weekly gain this month.

Futures on the S&P 500 strengthened 0.6% and futures on the Dow Jones Industrial Average rose 0.5%. The contracts don’t necessarily predict movements after the markets open.

Europe stocks advanced Friday. The Stoxx Europe 600 added 0.4% in morning trade. Consumer staples and utilities sectors led gains while consumer discretionary and energy sectors lost ground.

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declined 3.2% and NEXT fell 2.7%.

The U.K.’s FTSE 100, which is dominated by large international businesses, gained 0.4%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 climbed 0.6%, the U.K.’s FTSE 250 added 0.2% and Germany’s DAX climbed 0.3%.

The Swiss franc and the euro gained 0.1% against the dollar and the British pound was mostly flat against the U.S. dollar, with 1 pound buying $1.23.

In commodities, Brent crude slipped 0.2% to $106.27 a barrel. Gold also fell 0.3% to $1,824.90 a troy ounce.

The German 10-year bund yield was down to 1.362% and 10-year U.K. government debt known as gilts yields slipped to 2.255%. 10-year U.S. Treasury yields declined to 3.049% from 3.068%. Bond prices and yields move in opposite directions.

Indexes in Asia mostly climbed as Hong Kong’s Hang Seng rose 2%, Japan’s Nikkei 225 index added 1.2% and China’s benchmark Shanghai Composite gained 0.9%.

Stock futures put Wall Street on course for its first weekly rise in June.


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

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