U.S. futures for the S&P 500 were up 2.6% and futures for the Dow Jones Industrial Average increased 2.3%. Changes in futures do not necessarily predict movements after the opening bell.
In Europe, the Stoxx Europe 600 gained 3.5% in morning trading. Antofagasta climbed 13% and ArcelorMittal climbed 12.7%. On the other hand, Equinor dropped 11.8%, and Var Energi lost 10.9%. The FTSE 100 added 2.4%. Other stocks in Europe were up as France's CAC 40 increased 3.3% and Germany's DAX climbed 4.6%.
The Wall Street Journal Dollar Index fell 0.8% to 95.67.
In commodities, Brent crude dropped 13.3% to $94.79 a barrel, and WTI crude fell 14.8% to $96.22 a barrel. The European benchmark price for natural gas, the Dutch futures contract TTF, was down 16.2% to 44.61 euros a megawatt hour.
The German 10-year Bund yield fell by 16 basis points to 2.931% from 3.086%, and the yield on the 10-year U.S. Treasury declined by 5 basis points to 4.246% from 4.3%. Bond prices and yields move in opposite directions.
Stocks in Asia were up as Japan's Nikkei 225 index gained 5.4%, and Hong Kong's Hang Seng gained 2.8%. China's benchmark Shanghai Composite gained 2.7%.
-This article was automatically generated by MarketWatch.
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(END) Dow Jones Newswires
04-08-26 0346ET
