March 31, 2022 3:42 am ET

U.S. stock futures rose and crude prices declined amid reports that the White House plans to tap the country’s oil reserves to control rising gasoline prices.

S&P 500 futures gained 0.3% and futures tied to the Dow Jones Industrial Average rose 0.2%. Changes in futures don’t necessarily predict moves after the markets open.

In Europe, the Stoxx Europe 600 was up 0.2% in morning trade as gains in healthcare and consumer staples sectors were partially offset by losses in consumer discretionary and real-estate sectors.

Industria de Diseño Textil fell 2.1% for a two-day losing streak and NEXT declined 4.8%.

The U.K.’s FTSE 100 climbed 0.2%. Other stock indexes in Europe also mostly gained as France’s CAC 40 was up 0.3% and Germany’s DAX added 0.6%.

The Swiss franc, the euro and the British pound were each up 0.1% against the U.S. dollar.

In commodities, Brent crude slipped 3.5% to $107.50 a barrel. Gold was also down 0.3% to $1,933.40 a troy ounce.

The German 10-year bund yield fell to 0.597% and U.K. 10-year gilts yields were down to 1.616%. The yield on 10-year U.S. Treasury was down to 2.322% from 2.357%. Yields and prices move in opposite directions.

In Asia, indexes were mostly lower as China’s benchmark Shanghai Composite slipped 0.4%, Hong Kong’s Hang Seng declined 0.5% and Japan’s Nikkei 225 index was down 0.7%.

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

Photo: justin lane/Shutterstock

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

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

Source: WSJ

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