US equity futures decline while oil slides below $15

Bloomberg

US equity futures fell alongside Asian stocks on Monday while European shares fluctuated as investors weigh the latest evidence the coronavirus is slowing and prepare for earnings season to ramp up. Treasuries rose with the dollar and oil plunged.
Contracts on the S&P 500 slipped after American stocks posted the first back-to-back weekly gain since early February. The Stoxx Europe 600 Index rose but the advance was checked by a slump in energy companies as the price of oil took another leg down. West Texas Intermediate crude tumbled below $15 a barrel to the lowest level in 21 years.
Shares retreated across much of Asia, though the benchmark in Shanghai rose. The euro weakened alongside the pound and the yen. European bonds were mixed.
Investors start the week weighing signs that coronavirus infection rates may be slowing in several major economies, while also preparing for the pace of earnings season to pick up. International Business Machines Corp., the Coca-Cola Co. and Netflix Inc. are among companies due to report in the coming days.
Meanwhile, governments and policy makers are continuing to attempt to limit the economic damage of the outbreak. US lawmakers are moving closer to a deal to top up funds for small businesses, China pledged more stimulus as banks lowered borrowing costs and European officials are discussing creating a bad bank for the region, according to the Financial Times.
Futures on the S&P 500 Index decreased 0.9% as of 9:30 am London time and the Stoxx Europe 600 Index rose 0.1%. The MSCI Asia Pacific Index fell 0.8%.
While the Bloomberg Dollar Spot Index increased 0.3%, the euro fell 0.1% to $1.0863 and the British pound declined 0.5% to $1.2439. The Japanese yen decreased 0.2% to 107.77 per dollar.
The yield on 10-year Treasuries dipped two basis points to 0.62% and Germany’s 10-year yield decreased two basis points to -0.49% and Britain’s 10-year yield fell less than one basis point to 0.304%.
While gold decreased 0.4% to $1,676.42 an ounce, West Texas Intermediate crude fell 21.7% to $14.31 a barrel.