Futures erased losses of up to 2% as investors shifted from election shock to policy implications, while the 10-year yield fell to 4.92%, the dollar weakened and Europe gained as a partial hedge against AI-regulation risk.
By 10:15 a.m. New York time, the S&P 500 was up 0.8%, the Dow 1.1% and the Nasdaq 1% as Brent fell 6.7% to $105.87; the moves recovered part of Friday’s losses but did not resolve the oil shock or doubts about AI capital returns.
The MSCI world gauge rose 0.2% and South Korea’s Kospi jumped 6% on SK Hynix results, but European banks dragged the STOXX 600 and the New Zealand dollar fell more than 1.3% after an unexpected rate hold.
