(Bloomberg) — European stocks fluctuated with S&P 500 futures as investors weighed stimulus measures against the accelerating virus spread in the U.S. and Brazil.The Stoxx Europe 600 Index swung from gains to losses on below-average volume. Facebook Inc. fell in pre-market trading more companies halted social media spending. The dollar slipped against its major peers. The yield on Treasury five-year notes traded closer to a record low. Poland’s zloty rose after presidential election results triggered a run-off.Investors began the week studying conflicting signals, as virus deaths surpassed 500,000 globally. With U.K. households amassing savings at a record level and paying down debt in May, Prime Minister Boris Johnson promised a wave of investment in infrastructure and skills.“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 ThursdayHere are some of the main moves in markets:StocksThe Stoxx Europe 600 Index climbed 0.2% as of 10:47 a.m. London time.Futures on the S&P 500 Index increased 0.3%.Nasdaq 100 Index futures fell 0.1%.The MSCI Emerging Market Index declined 0.6%.CurrenciesThe Bloomberg Dollar Spot Index dipped 0.1%.The euro jumped 0.4% to $1.1264.The British pound was little changed at $1.2331.The Japanese yen was little changed at 107.21 per dollar.The offshore yuan strengthened 0.2% to 7.0725 per dollar.BondsThe yield on 10-year Treasuries climbed one basis point to 0.65%.Germany’s 10-year yield gained one basis point to -0.47%.France’s 10-year yield increased one basis point to -0.119%.Britain’s 10-year yield rose less than one basis point to 0.173%.CommoditiesBrent crude decreased 0.6% to $40.79 a barrel.Gold weakened 0.1% to $1,770.14 an ounce.Iron ore dipped 3.2% to $94.84 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.
