U.S. Stock Futures Edge Up, as U.K. Debt Turmoil Continues
U.S. stock futures are edging higher as investors digest fresh data on producer prices.
Turmoil in U.K. bond markets on helped drag the Nasdaq Composite into a bear market.
Tweet on U.S stocks future and British pound& oil
U.S. stock futures are edging higher as turmoil in U.K. bond markets continues.
-S&P 500 futures edged up 0.2%
-Dow Jones Industrial climbed 0.7%.
-The British pound has rebounded 0.6%, after a late-day selloff Tuesday
-Oil prices are higher. Brent crude slipped 0.3% to $93.99 pic.twitter.com/pj9w1xhDMz— The_Journalbiz (@the_journalbiz) October 12, 2022
Factset Chart on Nasdaq /S&P500
U.S. stock futures are inching up. S&P 500 futures edged up 0.2% and contracts on the Dow Jones Industrial Average climbed 0.7%. Tech-heavy Nasdaq-100 futures were up 0.3%.
U.K. markets are mixed;
The British pound has rebounded 0.6%, after a late-day selloff Tuesday, driven by concerns over the Bank of England’s response to volatility in the U.K. government debt market.
Investors sold U.K. government bonds Wednesday, with the 10-year yield rising to 4.563%, from 4.431% Tuesday.
Oil prices are higher. Brent crude slipped 0.3% to $93.99, pulling back further from highs reached when the OPEC+ group of oil producers agreed last week to slash output.
On tap today: Investors will eye minutes from the Federal Reserve’s last policy meeting at 2 p.m. ET.
