(Bloomberg) — Asian stocks climbed with U.S. futures Monday as traders reacted to the possibility President Donald Trump may be able to leave hospital as soon as Monday. The yen retreated with Treasuries.Shares rose in Japan and Australia, where markets are open though volumes are expected to be low because of a holiday. South Korean stocks were little changed. S&P 500 futures climbed after U.S. stocks finished lower on Friday in a volatile day for global financial markets. Crude oil pared some of Friday’s slump. The pound fluctuated following a weekend call between U.K. Prime Minister Boris Johnson and European Commission President Ursula von der Leyen on Brexit.Investors are mulling a series of contradictory and confusing accounts about Trump’s coronavirus infection, the latest being his physician admitting to giving a misleading statement about the president receiving oxygen. Still, doctors on Sunday insisted that Trump is doing well and could be discharged as soon as Monday.On the stimulus front, Trump tweeted from hospital that a deal needs to get done. Nancy Pelosi was optimistic on Friday that a bipartisan stimulus bill can be done, and said his diagnosis “kind of changes the dynamic.”Meanwhile, a new Wall Street Journal/NBC News poll taken after Tuesday’s debate but before the president’s diagnosis was announced showed Joe Biden leading Trump by 14 percentage points.Elsewhere, New York plans to crack down on coronavirus hot spots as cases surge, while the French government is said to be looking at further restrictions in Paris.Here are some key events coming up:The Reserve Bank of Australia is forecast to keep interest rates and its three-year yield target unchanged at 0.25% on TuesdayAlso Tuesday, Fed Chair Jerome Powell and ECB Chief Economist Philip Lane deliver keynote addresses at the NABE conferenceOn Wednesday, the minutes of the Sept. 15-16 meeting of the FOMC could be especially fruitful for Fed watchers, beginning with details of the debate on conditions necessary to trigger a rate increaseThe U.S. Vice Presidential debate takes place in Salt Lake City on WednesdayThough the final formal round of talks is over, the British government expects trade negotiations to continue up to the EU summit in mid-October.These are the main moves in markets:StocksS&P 500 futures rose 0.7% as of 9:04 a.m. in Tokyo. The S&P 500 Index fell 1% Friday.Japan’s Topix Index rose 1.3%.Australia’s S&P/ASX 200 climbed 2%.South Korea’s Kospi rose 0.2%.CurrenciesThe yen fell 0.2% to 105.50 per dollar.The euro was little changed at $1.1720.The British pound was little changed at $1.2938.BondsThe yield on 10-year Treasuries rose one basis point to 0.71%.CommoditiesWest Texas Intermediate crude futures rose 1.2% to $37.50 a barrel after sinking 4.3% Friday.Gold rose 0.1% to $1,902 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.
