Europe, U.S. Futures Dip; Traders Monitor Oil Spat: Markets Wrap

Europe, U.S. Futures Dip; Traders Monitor Oil Spat: Markets Wrap

(Bloomberg) -- European and U.S. equity futures slipped Monday and Asian stocks were steady as investors mulled the outlook for Federal Reserve stimulus support and OPEC+ tension over oil.

Shares dipped in Japan and Hong Kong and fluctuated in China, where cybersecurity probes into ride-hailing giant Didi Global Inc. as well as some other online platforms highlighted Beijing’s push to curb the influence of the nation’s internet companies. Chinese technology firms fell in Hong Kong.

The S&P 500 reached a record for a seventh day Friday after a U.S. jobs report signaled the economy is gaining steam but not at a pace that would prompt the central bank to taper stimulus quickly. U.S. and European equity contracts edged down. U.S. stock and bond markets are closed for the July 4 Independence Day holiday.