Asian shares and U.S. futures rebounded on Monday

Asian shares and U.S. futures rebounded on Monday as investors grasped at threads of hope that the battle against the coronavirus pandemic may be making some progress in some hard-hit areas.

Asian Shares & U.S. Futures

  • The Nikkei 225 NIK, +4.24% in Tokyo gained 2.2%.
  • Hong Kong’s Hang Seng HSI, 2.313% rose 1%.
  • South Korea’s Kospi 180721, +3.71% added 2.5%
  • The S&P/ASX 200 XJO, +4.32% in Sydney advanced 3.3%.
  • Shares also rose in Taiwan Y9999, +1.60% and Southeast Asia.
  • In New York, S&P 500 futures ES00, 3.959% were about 3% higher.

Currency

  • In currency trading, the dollar USDJPY, 0.488% rose to 108.87 Japanese yen from 108.48 yen on Friday

Energy Markets

  • Energy markets have recovered somewhat on expectations that Saudi Arabia and Russia might tone down their price war. However, benchmark U.S. crude CL.1, -1.482% was lower on Monday, falling $1.52 to $26.82 per barrel in electronic trading on the New York Mercantile Exchange. On Friday, it climbed 11.9% to $28.34 per barrel, adding on to its nearly 25% surge the day before.
  • Brent crude BRNM20, -0.792% , the international standard, gave up $1.06 to $33.05 per barrel. It rose $4.17 on Friday to $34.11 a barrel.

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