U.S. equity-index futures rose on Monday while stocks fluctuated in Europe and slipped in Asia, as investors struggled to interpret the latest developments in the trade rivalry between the world’s two largest economies. Treasuries and European bonds slipped.
Contracts on the three main equity indexes all pointed to a firm open in New York and the dollar inched higher after the U.S. issued a partial -- and qualified -- denial that it was discussing new limits on Chinese access to American finance. The Stoxx Europe 600 Index traded mixed, while Japan’s stock market slid. Chinese equities fell in the final session before a week-long holiday. Financial markets and offices in Taipei closed Monday due to the approach of Typhoon Mitag.
Sovereign bonds in the U.S. and Europe dropped after Germany’s labor market unexpectedly improved. West Texas oil fell further below $56 a barrel. Gold dipped for a second day, though it was still set for a fourth quarterly gain.
Futures on the S&P 500 Index increased 0.3% as of 6:25 a.m. New York time.
Source : Bloomberg