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Stock futures rise after April slump

May 2, 2022 4:25 a.m. ET

In the United States, S&P 500 futures gained 0.7% and Dow Jones Industrial Average futures gained 0.7%, indicating that May trading would open with gains after sharp declines in major indexes last month.

European stocks fell on Monday. The Stoxx Europe 600 fell 0.8% in morning trade, led by declines in the Industrials and Consumer Staples sectors.

Safran fell by 1.6% and Airbus fell by 0.6%. Other stocks in Europe also mostly fell, with the French CAC 40 down 1.1% and the German DAX down 0.7%.

The pound slid 0.1% against the US dollar, with 1 pound buying $1.26 while the Swiss franc and euro traded flat against the dollar.

In commodities, international benchmark Brent fell 0.7% to $106.44 a barrel. Gold was also down 1.4% at $1,884.10 per troy ounce.

The yield on German 10-year Bunds fell from 0.944% to 0.963%. Ten-year US Treasury yields fell to 2.943% from 2.934%. Yields move in the opposite direction to prices.

In Asia, Japan’s Nikkei 225 index fell 0.1%.

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