US stock futures lead Asia lower, dollar gains on yen

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People wearing protective masks, amid the coronavirus disease (COVID-19) outbreak, are reflected on an electronic board displaying Japan’s stock prices outside a brokerage in Tokyo, Japan, October 5, 2021. REUTERS/Kim Kyung-Hoon

  • <a href=”https://tmsnrt.rs/2zpUAr4″>Asian stock markets:</a>
  • US stocks futures slip as earnings season looms
  • Oil leads energy complex higher, stokes inflation risk
  • Dollar reaches highest on yen since April 2019

SYDNEY, Oct 11 (Reuters) – Asian shares slipped on Monday as global inflation angst favoured commodities as a hedge over U.S. equities, while rising U.S. bond yields lifted the dollar to two-and-a-half year peaks against the Japanese yen

Nasdaq futures and S&P 500 futures were both down around 0.5% in early trade, as oil prices extended their bull run.

“Bond yields continue to push higher, inflation expectations are rising and monetary tightening in various guises is becoming more prevalent,” said ANZ analysts in a note.

“The…

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