Oil Slides While Stock Futures Firm in Early Monday Trade
Brent and WTI crude are trading lower, but US equity index futures are firming up alongside Treasuries and precious metals. The Australian dollar leads G-10 currencies higher against the greenback.
Crude oil benchmarks started the week under pressure, with both Brent and WTI moving lower in early Asian trading. No immediate catalyst was cited, but the decline comes ahead of key economic data later in the week.
In contrast, US equity index futures edged higher, pointing to a positive open on Wall Street. Gains were broad but modest.
Meanwhile, haven demand lifted government bonds and precious metals. Treasury prices rose, pushing yields marginally lower, while gold added to recent gains.
In currency markets, the Australian dollar outperformed all G-10 peers against a softening U.S. dollar, extending its rebound from last week.
Source: First Squawk