- US futures fell on Thursday as Joe Biden and Xi Jinping prepare to talk about the Ukraine dispute.
- Oil prices remained bullish on Thursday after Moscow rejected reports of progress in peace talks.
- Both the Federal Reserve and the Bank of England raised interest rates this week as central banks tightened their grip on inflation.
U.S. futures fell on Friday after three days of solid gains as US President Joe Biden prepares to talk to his Chinese counterpart Xi Jinping about the Ukraine dispute.
Meanwhile, oil prices rose again after a sharp rise the previous day, as traders struggled to predict the progress of peace talks between Russia and Ukraine.
S&P 500 futures were down 0.56%, Dow Jones futures were down 0.49% and Nasdaq 100 futures were down 0.58%.
A slight decline in futures contracts indicated that the stock would open lower, following a three-day sharp gain for the S&P 500. It rose nearly 5% for the week at the end of Thursday, set for the biggest weekly increase since November 2020.
Asian stocks registered higher gains overnight, while European stocks changed slightly.
US Secretary of State Anthony Blinken said on Thursday: "President Biden will speak with President Ji tomorrow to make clear that China is responsible for any actions taken by China to support Russia's aggression and that we have not hesitated to impose costs." I do not know. "
Oil prices rose on Thursday as Russia rejected claims that peace talks with Ukraine were making significant progress.
Brent crude rose 1.15% to $ 107.87 a barrel on Friday, while WTI crude rose 1.25% to $ 104.27. Prices are in the wild ride, with Brent starting the year at around $ 79. It rose to a high of $ 139 before freezing last week amid reports that a peace settlement was imminent.
"Oil prices have moved up again as peace talks have deteriorated and expectations of a devastating war in Ukraine are rising," said Susanna Streeter, a senior market analyst at broker Hargreaves Lansdowne.
Oil prices are "creating new concerns about the impact of rising energy prices on businesses and consumers," she said.
The Europe-wide Stoxx 600 index changed slightly on Friday. Asian stocks rose slightly overnight, with China's CSI 300 0.67% in 2022.
Federal Reserve It is ready to raise interest rates to control inflation and the Ukraine dispute casts doubt on the global economic recovery.
Investors held on this week as the Fed raised its first rate by 25 basis points, indicating that another six could come this year. Analysts said investors were comforted by the persistence of Fed officials to get out of the recession.
The Bank of England raised interest rates for the third consecutive session on Thursday. But it also flagged uncertainty about Ukraine and reduced its language about the need for future growth.
"Markets are trying to understand a bullish FOMC," said Jeffrey Haley, a senior market analyst at Oanda, who announced the rate hike and believes it can tighten aggressively as growth continues.
"The bullish ghouls that continued in the equity market after the US Philly Fed manufacturing, and the official US Industrial and Manufacturing stocks, exceeded all expectations and the initial unemployment claims fell."
Analysts said Russia had sent payments on dollar bonds to avoid defaults, raising sentiment.
U.S. bond yields, moving against prices, cooled slightly on Thursday, but remained well above the week. Yields on the crucial 10-year US Treasury note fell 2.5 basis points to 2.151%, but are still trading the highest level since 2019.
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