European stocks rise with US equity futures, oil fluctuates

European stocks rise with US equity futures, oil fluctuates

Stocks















Bloomberg

European stocks ticked higher with US futures, while Treasuries extended their slide as investors weighed the risks of rising inflation and the impact of the war in Ukraine. Oil fluctuated and the dollar edged higher.

The Stoxx Europe 600 Index rose 0.2%, with utilities the best-performing sector and technology the worst. Shares in Russia advanced as they partially resumed trading after being closed for almost a month.

Treasuries resumed their slide, while a stretch of the yield curve reached its flattest level in 15 years. The inversion of parts of this curve point to a mounting risk of a growth downturn. Japan’s 10-year government bond yields rose to a level that prompted the Bank of Japan to step in with unlimited fixed-rate bond buying operations last month. The yen touched a six-year low.

Global benchmark Brent swung between gains and losses near $123 a barrel on reports that the US and European Union are close to a deal aimed at slashing Europe’s dependence on Russian energy, while President Joe Biden prepares to announce new sanctions on Russia. Nickel prices vaulted to the maximum daily limit on the Shanghai