Wall Street heads for gains after world shares sink Wall Street pointed toward gains in premarket trading Tuesday after world share prices sunk lower, with Hong Kong down almost 6% and Shanghai losing 5%.
Oil prices slid about 8% as virus lockdowns and rising numbers of COVID cases in China threaten to disrupt manufacturing and trade.
The sell-off gathered pace late in the session despite the release of data showing strong increases in Chinese retail sales, industrial production and investment in January-February.
It followed a decision by China's central bank not to ease interest rates to spur economic growth.
Futures for the Dow industrials gained 0.3% while futures for the S&P 500 rose 0.4%.
Prices of oil and other commodities slid as Russian forces pounded the Ukraine capital ahead of another round of talks between the two sides.
Germany's DAX and the CAC 40 in Paris both fell 1.2%, while Britain's FTSE 100 declined 0.8%.
Anxiety over the war in Ukraine and an upcoming ...
