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The Wall Street Publication > Blog > Markets > Stock Futures Edge Up Ahead of Trade Data
Markets

Stock Futures Edge Up Ahead of Trade Data

Editorial Board Published February 8, 2022
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Stock Futures Edge Up Ahead of Trade Data
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Feb. 8, 2022 3:31 am ET

U.S. stock futures edged up ahead of trade figures and another round of corporate earnings reports.

S&P 500 futures were up 0.1% and futures on the Dow Jones Industrial Average gained 0.1%. Changes in futures don’t necessarily predict moves after the markets open.

European stocks advanced Tuesday for a two-day run of gains. The Stoxx Europe 600 climbed 0.2% in morning trade. Financials and consumer discretionary sectors led gains while information technology and utilities sectors lost ground.

Electricité de France declined 3.8% and Ocado Group fell 7.9%.

The U.K.’s FTSE 100 rose 0.4%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 added 0.1%, the U.K.’s FTSE 250 rose 0.1% and Germany’s DAX gained 0.1%.

The Swiss franc and the euro dropped 0.1% and 0.5% respectively against the U.S. dollar. Meanwhile, the British pound was flat against the dollar, with 1 pound buying $1.35.

In commodities, international benchmark Brent crude slipped 0.9% to $91.85 a barrel. Gold also slipped 0.1% to $1,819.30 a troy ounce.

The yield on German 10-year bunds was up to 0.231% and 10-year U.K. government debt known as gilts yields strengthened to 1.430%. The 10-year U.S. Treasury yield rose to 1.948% from 1.915% on Monday. Yields move inversely to bond prices.

Stocks in Asia were mixed as Japan’s Nikkei 225 index climbed 0.1% and China’s benchmark Shanghai Composite added 0.7% after falling as much as 1.1% earlier, whereas Hong Kong’s Hang Seng shed 0.9%.

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

Photo: Allie Joseph/Associated Press

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

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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