U.S. Futures Rise; Asia Steady Amid Holidays: Markets Wrap

U.S. Futures Rise; Asia Steady Amid Holidays: Markets Wrap

(Bloomberg) -- Stocks in Asia started the week little changed with some major markets shut and inflation concerns resurfacing. U.S. futures edged higher.

Benchmarks fluctuated in Australia and South Korea, and markets are closed in Japan and China for holidays. S&P 500 and Nasdaq 100 contracts climbed. U.S. stocks dropped from a record Friday, amid economic data showing potential inflation pressures and increased talk of a possible pullback in central bank support. Still, the S&P 500 Index capped its biggest monthly rally since November.

Treasury yields held above 1.6% in U.S. hours. Crude oil crept up toward $64 a barrel.