Asian and futures stocks were mixed on Monday’s trade as investors assessed whether the recent rallies can endure. The pound slipped as UK Prime Minister Theresa May fought to keep her Brexit divorce plan alive.
Shares barely budged in Japan, Hong Kong and China, while they dipped in Australia.
Asian equities shrugged off leads from a weak US session on Friday when large-cap tech stocks dragged the Nasdaq 100 Index to a loss of more than 1.5%.
Oil prices snapped a 10-day sell-off after the bear market for crude spurred OPEC and its allies to start laying the groundwork to cut supply in 2019. Yields on 10-year Treasuries, which don’t trade Monday thanks to a US holiday, ended just below 3.2% on Friday.
Elsewhere, the offshore yuan held on to last week’s drop, with little sign of an end to the U.S.-China trade war in the wake of the midterm elections.
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