Stocks, futures drop amid China, inflation concerns | Financial Markets

Stocks and US equity futures decline as a jump in energy costs again highlights inflation concerns.

Stocks and U.S. equity futures declined Monday, while Treasury yields rose, as a jump in energy costs again highlighted the inflation concerns that are weighing on both the global economy and investor sentiment.

Japanese and Chinese shares dropped along with S&P 500 and Nasdaq 100 contracts. Treasuries fell on the prospect of rapid Federal Reserve monetary tightening to curb price pressures, pushing the 10-year yield to about 2.86%.

The cautious mood aided the dollar and gold. The yen fluctuated after Bank of Japan Governor Haruhiko Kuroda said its recent retreat was “very rapid.”

Natural gas and oil advanced, partly on risks from Russia’s war in Ukraine. These include the possibility of a de facto European Union embargo on Russian gas and the threat of some curbs on crude in the next European sanctions.

In China, economic data were mixed — while…

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