Investors are flocking to safety, helping push the dollar close to an almost 18-month peak against a basket of currencies. Supporting the greenback is a selloff in the euro: Markets are fretting about France’s financial health, after new figures last week highlighted its ballooning public debt. French government bond yields have climbed to their highest levels since 2002, knocking the euro overall. France’s stock market index also fell 1% today.
Elsewhere, U.S. stock futures are edging lower. Japan’s Nikkei rose over 2% today, while mainland Chinese markets are closed for the Golden Week holiday.
Brazilian stocks look poised for strong gains after a first-round victory last night by Flávio Bolsonaro against President Luiz Inácio Lula da Silva. A Black Rock exchange-traded fund that tracks Brazilian equities jumped over 11% in premarket trading.
Oil prices are little changed following an agreement Friday by G-7 countries to release crude and diesel reserves.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing