U.S. Stock Futures Tick Higher; Dollar Steady: Markets Wrap

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U.S. Stock Futures Tick Higher; Dollar Steady: Markets Wrap

(Bloomberg) -- U.S. equity-index futures began the week with modest gains and stocks in Asia were on course to open marginally higher as investors weighed further signs of recovery in China against more virus outbreaks in some parts of the world.Currencies began the week with muted moves, with the dollar steady against most G-10 peers early Monday. S&P 500 futures ticked up after the gauge rose on Friday, when equity-index futures in Japan and Australia edged higher. Crude oil slipped. Global equities are on course for the first month of losses since March amid mounting signs that the pace of economic recovery will slow with an uptick in global coronavirus cases and a stall in further government aid. Data over the weekend showed profits at China industrial companies grew for a fourth consecutive month in August.Here are some key events coming up:The final scheduled round of talks between the U.K. and EU on a post-Brexit trade deal takes place in Brussels on Monday.On Tuesday, the first U.S. presidential debate will take place between President Donald Trump and Democratic opponent Joe Biden.The EIA crude oil inventory report comes out Wednesday.The September U.S. employment report on Friday will be the last before the November election.These are the main moves in markets:StocksS&P 500 futures gained 0.2% as of 7:02 a.m. in Tokyo. The index rose 1.6% on Friday.Futures on Japan’s Nikkei 225 added 0.6% on Friday.Hang Seng Index futures closed Friday little changed.Futures on Australia’s S&P/ASX 200 Index gained 0.3%.CurrenciesThe yen was at 105.62 per dollar.The euro bought $1.1632.The offshore yuan was at 6.8290 per dollar.BondsThe yield on 10-year Treasuries ended last week at 0.65%.CommoditiesWest Texas Intermediate crude dipped 0.2% to $40.17 a barrel.Gold was at $1,862.52 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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