U.S. stock futures hovered along the flatline on Sunday night (Eastern Time) after Wall Street posted consecutive rallies to end last week amid the prospects of the global economy reopening soon.

Dow Jones Industrial Average futures traded just 10 points lower, or less than 0.1%. S&P 500 and Nasdaq 100 futures were also flat.

The S&P 500 gained more than 1% on Thursday and Friday, leading to the broader-market average’s first weekly advance in three weeks. On Friday, investors shrugged off the biggest one-month job losses on record as expectations of an economic reopening outweighed the negative data.

More than 280,000 people have now died from the new coronavirus, most of whom were in Europe and the United States.

Tuan Sing Holdings’ business operations impacted by the Covid-19 outbreak is “largely confined” to its hospitality segment, with its diversified portfolio across segments and regions ensuring a “high degree of resilience”.

Oil prices opened about 1 per cent lower on Monday as a persistent glut continued to weigh on prices and the coronavirus pandemic eroded global oil demand even as some governments began to ease lockdowns.

Businesses in Singapore have decided to either return or donate the government payout received from the Jobs Support Scheme (JSS), as a form of solidarity with the local community amid the Covid-19 outbreak.

Britain extended a national lockdown to at least June 1 on Sunday rather than following European neighbours France and Spain, where millions of people are counting down the hours to a relaxation of the stay at home rules.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR