While the S&P 500 Index bounced back from the worst week in six months, shares in Shanghai - which hadn't traded since holidays began January 23 - tumbled the most since 2015 as the nation's economy remained virtually shut down because of the virus.
The March crude contract was down 58 cents at US$51.56 per barrel and the March natural gas contract was up 1.2 cents at US$1.84 per mmBTU. All deaths have occurred in China, with the exception of a Chinese man who died in the Philippines after traveling from Wuhan, the epicenter of the outbreak.
Chinese stock markets will reopen Monday for the first time since January 23, resuming trading after the Lunar New Year holiday break. Futures for Japan's Nikkei were slightly higher but still about 500 points below where the index closed on Friday.
The benchmark Shanghai Composite Index dropped 7.7%, its biggest decline since 2015, wiping out $393 billion in market value.
Oanda's Edward Moya said: "US and European stocks are rebounding in early trade on expectations that the coronavirus was mostly contained to China and that central bank stimulus from the PBOC and the rest of the world will keep on propping up stocks".
Google parent Alphabet will report earnings later Monday, while Ford and Disney release results on Tuesday.
"Markets have previously reacted quite strongly when left-wing populist Democratic candidates have performed well", said Oliver Jones, market economist at Capital Economics. Readings above 50 indicate activity is expanding across the manufacturing sector, while those below 50 signal contraction. Yet, Atlanta Federal Reserve Bank President Raphael Bostic on Monday said his outlook for the US economy was unmoved by the virus.
At least 213 people have died and almost 10,000 people have been infected in China by the new coronavirus, while fresh cases were found overseas with more than 20 countries now affected.
Nike shares were also up after analysts UBS and JPMorgan hit the sportswear giant with a "buy" rating.
Crude oil is also in focus Monday amid reports that the major oil producers are considering deeper production cuts to combat the recent price slump.
The U.K. formally exited the EU Friday and entered into a transition period. The inverted yield curve, considered a precursor to a recession, is widening in the U.S.as yields on short-term government bonds soar above benchmark 10-year yields.
Adding to the growth concerns was U.
"This is just the beginning of help from the PBOC, but if we continue to see the virus have over 20% daily increases in both the death toll and number of cases, this will just become another dead-cat-bounce".
The pan-European STOXX 600 index rose 0.31%, while the major Wall Street indexes gained in a broad rally.
-Steven Russolillo, Xie Yu and Caitlin Ostroff contributed to this article.
The new CEO is working to shore up confidence in Boeing , which repeatedly missed estimates for the Max's return past year . Analysts estimate that Boeing has been losing around $1 billion a month because of the 737 MAX grounding.
"I just look forward to getting, getting through it responsibly and rapidly because it's so important for Canadians", he said . Trump has always been campaigning against NAFTA , which he said has led to the deployment of U.S. workforces overseas.
This is basically what the company said it would do around the time it first started talking about developing HarmonyOS . Fei was firm that Huawei has ruled out a return to Google's app and service ecosystem even if it was on the table.
Sunnybrook Health Sciences Centre said he is now recovering at home along with his wife, who also became ill with the virus. After the case was confirmed, they went to Wuhan's Jinyintan Hospital where the team cared for them.
He won the best rap performance for his song " Racks in the Middle ", a collaboration with Roddy Ricch and Hit-Boy. We lost Nipsey Hussle previous year at the age of 33 to a shooting outside his clothing store in Los Angeles.
Gruden has openly said that call still irritates him to this day, but he clearly doesn't hold it against Brady. Brady was a sixth-round pick with the Patriots in 2000 and has played all of his 20 seasons with the team.
Each of the first three quarters will be worth $100,000, and the money will roll over to the next quarter in the event of a tie. If one team sweeps all four quarters, the opponents will still receive a minimum of $100,000.
Ontario health officials have confirmed the second "presumptive" case of coronavirus. "We rest on the advice of the WHO ", Dr. Human coronaviruses can sometimes cause lower-respiratory tract illnesses, such as pneumonia or bronchitis.
College campuses on edge due to coronavirus outbreak
USA health officials on Saturday confirmed an eighth case of the virus, a person in MA who recently returned from Hubei province. A tourist from Wuhan tested positive for the virus on Wednesday and was being treated in isolation in hospital, officials said .
The UK's New Regulations on Huawei Will Cost BT £500 Million
Thierry Breton , Commissioner for the Internal Market, said: "Europe has everything it takes to lead the technology race". Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices.
Thunder: Chris Paul posts tribute to Kobe Bryant
But coach Frank Vogel told reporters that the team wants to honor Bryant's memory when they hit the hardwood again. Sadri balled up a sheet of paper and mimicked Bryant's signature fade-away jumper while yelling " Kobe ".
White House to release Middle East plan on Tuesday
But whether it truly will jumpstart the long-stalled effort to bring Israelis and Palestinians together is far from certain. The Palestinians, claiming the White House is unfairly biased toward Israel, have already said they won't accept the plan.