• By The Financial District

U.S. FUTURES DIP, ASIAN CONTRACTS SHOW MUTED TRADING

US equity futures dipped and Asian contracts pointed to a muted start Monday, May 24, 2021, as traders weighed the volatile slump in cryptocurrencies and the inflation outlook. The dollar inched upwards, Sunil Jagtiani and Andreea Papuc reported for Bloomberg News.

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Contracts on the S&P 500 and Nasdaq 100 edged down after US stocks closed mixed Friday. Equity futures were in the green in Japan but modestly lower in Australia and Hong Kong. Bitcoin experienced another weekend of big price swings, whipsawing investors with double-digit percentage moves.


The stalling commodities boom remains in focus as China tries to temper prices. Market-based gauges of inflation expectations have declined of late, though concerns linger that the post-pandemic recovery could stoke price pressures and force a pullback in extraordinary central bank support.


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S&P 500 futures slid 0.1% as of 7:35 a.m. in Tokyo. The index ended little changed on Friday. Nasdaq 100 contracts lost 0.3%.


The gauge fell 0.6% on Friday. Nikkei 225 futures rose 0.3%. Australia’s S&P/ASX 200 Index futures fell 0.1%. Hong Kong’s Hang Seng Index futures fell 0.2% earlier.


The Japanese yen was at 108.98 per dollar. The offshore yuan traded at 6.4371 per dollar. The Bloomberg Dollar Spot Index rose 0.1%. The euro was at $1.2177. The yield on 10-year Treasuries was little changed at 1.62% Friday. West Texas Intermediate crude rose 0.2% to $63.72 a barrel. Gold was at $1,880.75 an ounce.



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Happyornot makes feedback terminals measuring customer satisfaction sing smiley-face buttons.
Happyornot makes feedback terminals measuring customer satisfaction sing smiley-face buttons.