Contracts on the S&P 500 and Nasdaq 100 advanced at least 0.1 per cent each after the underlying indexes climbed on Monday by the most in December. The Stoxx 600 gauge was buoyed by energy and technology stocks. Treasuries gained marginally. Oil traded higher on signs of further easing in China's COVID rules. Oracle Corp. jumped in premarket New York trading after posting results above expectations.U.S.
The European equity benchmark recovered from Monday's losses as traders awaited the U.S. release but were also mindful of the European Central Bank's rate decision due Thursday. The continent's policymakers are expected to follow the Fed with their own half-point hike. Meanwhile, data showed that U.K. wages are rising at close to a record pace, maintaining pressure on the Bank of England to keep hiking interest rates despite a worsening economic outlook.
Crude oil rallied, with West Texas Intermediate futures climbing above US$74 a barrel. China's ambassador to the US said the nation will continue relaxing its curbs and will welcome more international travelers soon.
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