(Bloomberg) — U.S. stock futures sank as investors began a new month pondering gloomy corporate news and the persistent economic turmoil caused by the coronavirus. The dollar and Treasuries rose as a risk-off mood prevailed on what is a holiday in many major markets.Contracts on the S&P 500 Index, Dow Jones Industrial Average and Nasdaq 100 Stock Index all slipped in the wake of sobering comments from Amazon.com Inc. and Apple Inc. about the impact of the pandemic. Equities declined in the U.K., one of the few European markets not closed. Stocks slumped in Japan and Australia while much of the rest of Asia also didn’t trade.The dollar headed for its first advance this week, while Treasury 10-year notes recouped some of their losses since Tuesday.While global stocks posted their best month since 2011 in April — spurred by a slowdown in coronavirus infections and massive stimulus initiatives — earnings announcements and economic data are serving a reminder of lasting pain. Amazon warned of a possible second-quarter loss, while Apple omitted an earnings forecast for the first time in more than a decade. Data Friday showed South Korea’s exports plunged the most since the 2009, as did a gauge of Japanese manufacturing.Meanwhile, West Texas oil headed for its first weekly gain in about a month as global production cuts began to take effect.These are the main moves in markets:StocksFutures on the S&P 500 Index fell 2.3% as of 8:19 a.m. London time.Nasdaq 100 Index futures fell 2.6%.The U.K.’s FTSE 100 Index decreased 2.6%.CurrenciesThe Bloomberg Dollar Spot Index advanced 0.3%.The euro was little changed at $1.0957.The British pound declined 0.3% to $1.2553.The Japanese yen strengthened 0.1% to 107.11 per dollar.BondsThe yield on 10-year Treasuries decreased four basis points to 0.60%.The yield on two-year Treasuries sank one basis point to 0.18%.Britain’s 10-year yield decreased five basis points to 0.231%.New Zealand’s 10-year yield decreased 13 basis points to 0.767%.CommoditiesWest Texas Intermediate crude climbed 1.2% to $19.07 a barrel.Brent crude declined 0.2% to $26.43 a barrel.Gold weakened 0.6% to $1,677.02 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.
