SYDNEY - U.S. stock futures slipped in Asia on Monday as the military conflict in the Middle East boosted oil and Treasuries, while the sizzling September U.S. jobs report raised the rate stakes for inflation figures later in the week.
The danger of disruptions to supply was enough to see Brent jump $2.93 to $87.51 a barrel, while U.S. crude climbed $3.04 to $85.83 per barrel. In currency markets, the yen was the main gainer though moves were modest overall. The euro dipped 0.3% to 157.44 yen, while the dollar dipped 0.1% to 149.14 yen. The euro also eased 0.3% on the dollar to $1.0556.
While Tokyo was closed, Nikkei futures were trading down 0.7% and near where the cash market ended on Friday. Minutes of the last Federal Reserve meeting are due this week and should help gauge how serious members were about keeping rates up, or even hiking again. China also returns from holiday this week with a deluge of data including consumer and producer inflation, trade, credit and lending growth.
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