Asian stocks and U.S. equity futures made a steady start early Monday as traders weighed the volatile slump in cryptocurrencies and the inflation outlook.
Shares edged higher in Japan but fluctuated in Australia and South Korea. S&P 500 futures posted modest gains after U.S. stocks closed mixed Friday. The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, fell 0.45% to 15,157.50 as of 6:55 a.m.
Bitcoin advanced to about $35,500 following another weekend of big price swings.
The stalling commodities boom remains in focus as China tries to temper prices. Oil traded above $63 a barrel amid further signs the U.S. is recovering from the pandemic.