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U.S. equity-index futures rise as tech stocks rally - BNN Bloomberg

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U.S. equity-index futures gained on Thursday as technology shares rallied on the penultimate trading day of what's been a brutal year for financial markets.

Contracts on the tech-heavy Nasdaq 100 rose more than 0.6 per cent following gains for Asian technology stocks earlier amid signs China is easing a regulatory crackdown. Contracts on the S&P 500 were up about 0.3 per cent. Tesla Inc. climbed more than 3 per cent in premarket trading, with tech giants including Amazon.com Inc. and Netflix Inc. also among the biggest gainers.

China's reopening “complicates the Fed's job with respect to putting a little bit of a bid under oil prices, putting a little bit of a bid under inflation globally, to aggregate demand,” said Sameer Samana, senior global market strategist for Wells Fargo Investment Institute, on Bloomberg TV. “That's going to be one of the biggest things that we'll be watching in the first half.”

Global equities have lost a fifth of their value in 2022, the largest decline since 2008 on an annual basis, and an index of global bonds has slumped 16 per cent amid sticky inflation and rising interest rates.

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