(Bloomberg) — U.S. equity futures slipped on Thursday as investors struggled to look past a global resurgence in coronavirus infections that sapped risk appetite yesterday. Treasuries edged higher with the dollar.S&P 500 and Dow Industrials contracts traded modestly in the red, while pre-market gains in large-cap tech shares helped Nasdaq 100 futures erase most of an earlier decline. In Europe, stocks swung from a loss to a gain, with Deutsche Lufthansa AG rallying as its biggest shareholder backed a government rescue package. German fintech Wirecard AG plunged 80% after filing for insolvency. Core European bonds gained.Worries that lockdowns will be reimposed and economies re-opened more slowly has hurt but not poisoned sentiment, as investors weigh reports of new daily records for infections in Texas, Florida and California. Meanwhile, health leaders called on the U.K. to prepare for a possible second wave, and Australia recorded its largest spike in cases since April.“The market really got the shivers over the prospect of a big increase in Covid and maybe starting to see places that were opening up have to close up,” Margie Patel, portfolio manager at Wells Fargo Asset Management, said on Bloomberg TV. “We’ve had such a great run from the end of March it’s only inevitable that we should get at least a little step back.”Elsewhere, stocks in Asia fell the most in almost two weeks. China and Hong Kong were shut for holidays. West Texas crude oil fell below $38 a barrel, while gold pared an earlier gain.Here are some key events coming up:U.S. jobless claims, durable goods and GDP data are due Thursday.A rebalance of Russell indexes is due on Friday.These are the main moves in markets:StocksFutures on the S&P 500 Index dipped 0.3% as of 6:46 a.m. New York time.Nasdaq 100 Index futures were little changed.The Stoxx Europe 600 Index climbed 0.2%.The MSCI Emerging Market Index fell 0.7%.CurrenciesThe Bloomberg Dollar Spot Index climbed 0.2%.The euro declined 0.3% to $1.1214.The British pound rose 0.1% to $1.2426.The Japanese yen weakened 0.2% to 107.27 per dollar.South Africa’s rand weakened 0.5% to 17.4614 per dollar.BondsThe yield on 10-year Treasuries fell two basis points to 0.66%.Germany’s 10-year yield dipped two basis points to -0.46%.France’s 10-year yield decreased two basis points to -0.122%.Britain’s 10-year yield declined four basis points to 0.151%.CommoditiesBrent crude dipped 0.8% to $40 a barrel.Gold was little changed at $1,761.82 an ounce.LME aluminum decreased 0.6% to $1,566.50 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.
