{"id":21316,"date":"2022-06-06T19:12:18","date_gmt":"2022-06-06T19:12:18","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/us-stock-futures-jump-and-oil-ticks-higher-as-fears-about-the-global-economy-cool"},"modified":"2022-06-06T19:29:35","modified_gmt":"2022-06-06T19:29:35","slug":"us-stock-futures-jump-and-oil-ticks-higher-as-fears-about-the-global-economy-cool","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/us-stock-futures-jump-and-oil-ticks-higher-as-fears-about-the-global-economy-cool","title":{"rendered":"US stock futures jump and oil ticks higher as fears about the global economy cool"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Ghana. <\/strong><\/span><a name=\"lead\"><\/a>US stock futures jumped Monday as global economy fears ebbed, with S&amp;P 500 contracts up more than 1%.<\/p>\n<p><a name=\"article-main-image\"><\/a>Chinese authorities loosened coronavirus restrictions in Beijing, boosting growth prospects in the country.<\/p>\n<p>Meanwhile, oil prices climbed after Saudi Arabia increased its crude prices in a sign of confidence.<\/p>\n<p>US futures and global stocks rallied on Monday as investors&#8217; fears about the global economy ebbed, following moves by China to loosen coronavirus restrictions and Friday&#8217;s strong US jobs report.<\/p>\n<p><a name=\"4f9146f6-ba20-4a9d-8dce-9b1a33c9f78a\"><\/a><a href=\"https:\/\/markets.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;businessinsider.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/futures\/s\">S<\/a>P 500 futures were 0.98% higher, <a name=\"7fa833bc-5241-4939-80ed-2306b33a788f\"><\/a><a href=\"https:\/\/markets.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;businessinsider.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/futures\/dow-futures\">D<\/a>ow Jones futures were up 0.77%, and <a name=\"c0213adf-8d58-4fc4-8328-b05e4482af55\"><\/a><a href=\"https:\/\/markets.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;businessinsider.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/index\/nasdaq_100\">N<\/a>asdaq 100 futures had risen 1.28% as of 6:10 a.<\/p>\n<p>m.<\/p>\n<p>ET.<\/p>\n<p>In Asia overnight, China&#8217;s <a name=\"41129786-0c17-4387-81db-580ba5dc9805\"><\/a><a href=\"https:\/\/markets.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;businessinsider.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/index\/csi-300\">C<\/a>SI 300 stock index gained 1.87%, while Hong Kong&#8217;s <a name=\"9ddbcd9e-63b5-4b01-bc62-48c32f699d16\"><\/a><a href=\"https:\/\/markets.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;businessinsider.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/index\/hang_seng\">H<\/a>ang Seng surged 2.56%, with tech stocks faring particularly well.<\/p>\n<p>Europe&#8217;s <a name=\"a99eebd1-305a-4be6-85bf-083fd63c930f\"><\/a><a href=\"https:\/\/markets.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;businessinsider.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/index\/stoxx_europe_600\">S<\/a>toxx 600 index was up 0.9% in morning trading.<\/p>\n<p>The UK&#8217;s <a name=\"60db7624-504c-4a5a-8b23-7b01575788e8\"><\/a><a href=\"https:\/\/markets.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;businessinsider.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/index\/ftse_100\">F<\/a>TSE 100 index was 1.38% higher despite news that Prime Minister Boris Johnson will <a name=\"3b1c2fb8-8c94-4970-a281-d5436db06ea5\"><\/a><a href=\"https:\/\/www.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;businessinsider.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/boris-johnson-facing-leadership-contest-after-54-tory-mps-rebel-2022-6\">f<\/a>ace a confidence vote later in the day, after months of scandals centered on lockdown-busting parties.<\/p>\n<p>Investors&#8217; worries about the global economy have dogged markets in recent weeks, with speculation growing stronger that central banks will trigger recessions by hiking interest rates to deal with strong inflation.<\/p>\n<p>Yet China further loosened lockdown restrictions Monday, a move that calmed fears that the government&#8217;s strict zero-COVID policy would continue to weigh on growth in the manufacturing powerhouse.<\/p>\n<p>&#8220;China has announced a further easing of curbs in Beijing over the weekend, which is seeing some Asian equity markets, and US futures, trading in positive territory,&#8221; Jeffrey Halley, an analyst at currency firm Oanda, said in a note.<\/p>\n<p>A <a name=\"3408d732-d5dd-4e48-a75e-bee009890f2b\"><\/a><a href=\"https:\/\/www.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;businessinsider.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/may-jobs-report-390000-payrolls-labor-market-hiring-unemployment-rate-2022-6\">s<\/a>tronger-than-expected monthly US jobs report on Friday allayed fears about a recession in the world&#8217;s biggest economy.<\/p>\n<p>However, equities fell on the day, as traders predicted the data could mean the Federal Reserve has to hike interest rates further.<\/p>\n<p>Economists at Goldman Sachs said Monday they expect the Fed to cool inflation without tipping the US economy into a recession, although they said growth would likely slow sharply.<\/p>\n<p>Oil prices edged higher Monday after <a name=\"297791a0-2ac6-4973-a8a1-f1ed234a86cf\"><\/a><a href=\"https:\/\/markets.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;businessinsider.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/news\/commodities\/oil-price-today-saudi-arabia-aramco-hikes-crude-selling-prices-2022-6\">S<\/a>audi Arabia put up prices for crude sales to Asia by more than expected.<\/p>\n<p>Traders took the move as a sign that supply remains low relative to demand.<\/p>\n<p><a name=\"ee259df5-b7ec-4023-a01b-d4e61589aeb2\"><\/a><a href=\"https:\/\/markets.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;businessinsider.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/commodities\/oil-price\">B<\/a>rent crude was up 0.86% to $120.75 a barrel, having risen around 50% since the start of the year, with Russia&#8217;s invasion of Ukraine pushing prices higher.<\/p>\n<p><a name=\"9b22611d-c73c-4863-b4cc-121d273d5153\"><\/a><a href=\"https:\/\/markets.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;businessinsider.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/commodities\/oil-price?type=wti\">W<\/a>TI crude was 0.83% higher at $119.88 a barrel.<\/p>\n<p>European oil companies could <a name=\"a7d3c507-cd52-4706-be36-4f3940177668\"><\/a><a href=\"https:\/\/www.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;businessinsider.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/oil-from-venezuela-to-help-replace-russian-crude-reuters-reports-2022-6\">s<\/a>tart shipping Venezuelan oil to Europe as soon as July, Reuters reported Sunday, citing people familiar with the matter.<\/p>\n<p>The move would resume oil-for-debt swaps halted in the US&#8217;s 2019 sanctions.<\/p>\n<p>Elsewhere, US bond yields edged higher as traders assessed the strength of the economy.<\/p>\n<p>Yields, which move inversely to prices, had fallen in recent weeks as economic concerns had grown and investors had snapped up the safe-haven assets.<\/p>\n<p>The yield on the key <a name=\"a085d8fe-5bba-4788-b5cc-715cf9f76019\"><\/a><a href=\"https:\/\/markets.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;businessinsider.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/rates\/u-s--rates-10-years\">1<\/a>0-year US Treasury note was up 2.7 basis points to 2.966%.<\/p>\n<p>Meanwhile, the <a name=\"1c9f2448-4715-412e-84db-754ce1044136\"><\/a><a href=\"https:\/\/markets.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;businessinsider.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/index\/us-dollar-index\">d<\/a>ollar index was down 0.20% to 101.94.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/ghana\">Ghana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Ghana. US stock futures jumped Monday as global economy fears ebbed, with S&amp;P 500 contracts up more than 1%. Chinese authorities loosened coronavirus restrictions in Beijing, boosting growth prospects in the country. Meanwhile, oil prices climbed after Saudi Arabia increased its crude prices in a sign of confidence. US futures and global stocks [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":21315,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9],"tags":[5092,5096,429,9057,5599],"class_list":["post-21316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","tag-africa-press","tag-africa-press-ghana","tag-ghana","tag-stock","tag-us"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>US stock futures jump and oil ticks higher as fears about the global economy cool - Ghana<\/title>\n<meta name=\"description\" content=\"US stock futures jumped Monday as global economy fears ebbed, with S&amp;P 500 contracts up more than ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/us-stock-futures-jump-and-oil-ticks-higher-as-fears-about-the-global-economy-cool\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US stock futures jump and oil ticks higher as fears about the global economy cool\" \/>\n<meta property=\"og:description\" content=\"US stock futures jumped Monday as global economy fears ebbed, with S&amp;P 500 contracts up more than ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/us-stock-futures-jump-and-oil-ticks-higher-as-fears-about-the-global-economy-cool\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-06T19:12:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-06T19:29:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/06\/postQueueImg_19.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"731\" \/>\n\t<meta property=\"og:image:height\" content=\"548\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/us-stock-futures-jump-and-oil-ticks-higher-as-fears-about-the-global-economy-cool#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/us-stock-futures-jump-and-oil-ticks-higher-as-fears-about-the-global-economy-cool\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"US stock futures jump and oil ticks higher as fears about the global economy cool\",\"datePublished\":\"2022-06-06T19:12:18+00:00\",\"dateModified\":\"2022-06-06T19:29:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/us-stock-futures-jump-and-oil-ticks-higher-as-fears-about-the-global-economy-cool\"},\"wordCount\":515,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/us-stock-futures-jump-and-oil-ticks-higher-as-fears-about-the-global-economy-cool#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/06\/postQueueImg_19.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\",\"stock\",\"US\"],\"articleSection\":[\"all news\",\"homepage-english\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/us-stock-futures-jump-and-oil-ticks-higher-as-fears-about-the-global-economy-cool#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/us-stock-futures-jump-and-oil-ticks-higher-as-fears-about-the-global-economy-cool\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/us-stock-futures-jump-and-oil-ticks-higher-as-fears-about-the-global-economy-cool\",\"name\":\"US stock futures jump and oil ticks higher as fears about the global economy cool - 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