Stock Futures Inch Up Amid Softer Oil Prices

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Crude prices were hovering below $110 a barrel

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The UK’s FTSE 100 gained 0.8%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 rose 1.3%, the UK’s FTSE 250 climbed 0.4% and Germany’s DAX climbed 1.1%.

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The Swiss franc and the British pound lost 0.1% against the US dollar whereas the euro gained 0.1% against the US dollar, with 1 euro buying $1.10.

In commodities, Brent crude declined 0.5% to $108.99 a barrel. Gold was also down 0.9% to $1,922.80 a troy ounce.

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The yield on German 10-year bunds rose to 0.623% and UK 10-year gilts yields rose to 1.659%. 10-year US Treasury yields strengthened to 2.482% from 2.476%. Yields move inversely to prices.

In Asia, indexes were mixed as Hong Kong’s Hang Seng added 1% and Japan’s Nikkei 225 index rose 1.1%, whereas China’s Shanghai Composite was down 0.3%.

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

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Credit: www.Businesshala.com /

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