Stock Futures, Global Indexes Rise as Oil Extends Climb

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U.S. stock futures ticked higher, signaling major indexes could rebound from losses that came after the U.S. banned imports of Russian oil and natural gas.

S&P 500 futures rose 1% and futures on the Dow Jones Industrial Average were up 1%. The contracts don’t necessarily predict movements after the opening bell.

Europe stocks advanced Wednesday after a four-day losing streak. The Stoxx Europe 600 gained 2% in morning trade with the materials and energy sectors leading gains.

Umicore

jumped 4.9%, snapping a three-session losing streak, and Solvay climbed 3%.

The U.K.’s FTSE 100, which is dominated by large international businesses, added 1.6%. Other…

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