(Bloomberg) — European stocks slid while S&P 500 futures fluctuated as investors weighed scattered signs of economic improvement against the accelerating virus spread in the U.S., Brazil and India.The dollar slid against all of its major peers after three days of gains. Oil futures fell below $38 a barrel in New York. The yield on Treasury five-year notes traded near a record low. Poland’s zloty strengthened after presidential election results pointed toward a run-off. Investors began the week bracing for more risk-off sentiment as infections cases surpassed 10 million globally and a resurgence in the U.S. continued to batter states likes Texas and Florida, with several halting plans to reopen. India’s economy is hurtling for its first contraction in more than 40 years. “The recovery is going to be much slower and much more uneven than most people believe,” David Hunt, president and chief executive officer of PGIM Inc., said on Bloomberg TV. “Markets are priced for a much sharper V-shaped recovery, which we don’t think is likely.”In Asia, stocks fell more than 1% in Japan, Australia and Hong Kong. They had a more modest drop in China, where markets reopened after a two-day holiday.Here are some key events coming up:New York Fed President John Williams moderates a discussion with IMF Managing Director Kristalina Georgieva on Monday.On Tuesday, Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin testify before the House Financial Services Committee.The monthly U.S. jobs report will be released on Thursday StocksThe Stoxx Europe 600 Index dipped 0.5% as of 9:19 a.m. London time.Futures on the S&P 500 Index fell 0.2%.Nasdaq 100 Index futures decreased 0.4%.The MSCI Emerging Market Index declined 0.7%.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The euro jumped 0.3% to $1.1248.The British pound increased 0.1% to $1.2346.The Japanese yen was little changed at 107.17 per dollar.The offshore yuan strengthened 0.1% to 7.0762 per dollar.BondsThe yield on 10-year Treasuries rose less than one basis point to 0.64%.Germany’s 10-year yield gained one basis point to -0.47%.France’s 10-year yield increased one basis point to -0.115%.Britain’s 10-year yield climbed one basis point to 0.177%.CommoditiesBrent crude dipped 2.2% to $40.10 a barrel.Gold weakened 0.1% to $1,769.73 an ounce.Iron ore dipped 3.2% to $94.77 per metric ton.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.
