Stock futures on Tuesday

US stock futures rose, indicating gains in major indices amid cautious hopes that the Covid-19 Omicron option could lead to a milder form of illness.

S&P 500 futures rose 0.9% and Dow Jones Industrial Average futures rose 0.8%. Changes in equity futures do not necessarily predict moves after the first bell.

European stock indices rose on Tuesday, posting a two-day winning streak. The Stoxx Europe 600 added 1.2% in morning trading. The consumer and utilities sectors led the gains, while the health care sector lost ground.

Carnival was up 2% in three sessions, while Delivery Hero jumped 2.4%.

The British FTSE 100 added 0.7%. Other stock indices in Europe were also mostly up, with France's CAC 40 up 1.3%, Britain's FTSE 250 up 0.6% and Germany's DAX adding 1.2%.

The Swiss franc and British pound gained 0.1% against the US dollar, while the euro was unchanged against the US dollar, with $1.13 available to buy for 1 euro.

As for commodities, international benchmark Brent crude rose 1.6% to $74.28 a barrel. Gold also rose 0.1% to $1,782 per troy ounce.

German 10-year bond yields rose to minus 0.356% and UK 10-year bond yields rose to 0.769%. The yield on 10-year US Treasuries rose to 1.450% from 1.433%. Yields are moving inversely to prices.

In Asia, indices were mostly up, with Hong Kong's Hang Seng up 2.6%, Japan's Nikkei 225 up 1.9% and China's Shanghai Composite up 0.2%.