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US Futures Gain With European Stocks; Dollar Slips: Markets Wrap

  • Sentiment remains fragile amid the Fed’s rate-hiking campaign
  • Iron ore, base metals slump on demand concerns; oil steady
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WATCH: “When risk appetite is low, there’s every risk to think that the safe-haven dollar could remain supported,” says Rabobank’s Jane Foley. Source: Bloomberg
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US index futures staged a rebound on Monday along with stocks in Europe as investors weighed whether last week’s selloff had gone far enough to price in concerns about rising rates and slowing growth.

S&P 500 contracts advanced about 1.1% after the worst week for the underlying gauge since the start of the pandemic. Nasdaq 100 futures rose around 1.1%. A dollar gauge edged lower. Treasury futures also slid, with no cash trading due to a US holiday.