Dollar Steady, Oil Rises as European Stocks Falter: Markets Wrap
- WTI crude extends last week’s gains as gold edges higher
- With U.S. shut, focus turns to Fed, ECB minutes later in week
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European shares failed to carry forward a rally from Asia, while U.S. stock futures also headed lower as the surge that handed the S&P 500 Index its best week in five years appeared to fade. The dollar was steady and oil climbed.
The Stoxx Europe 600 index fell for the first time in four days as auto and consumer stocks dropped. That contrasted with Asia, where equities built on their best week since September 2016, spurred by a jump in Japanese stocks after the yen weakened. German bunds retreated with most European bonds and the euro fluctuated.