US turmoil eases

The technology-led turmoil that sent U.S. stocks into a tailspin showed signs of easing on Tuesday, with futures contracts for the main American gauges rising after Asia’s benchmark pared most of its decline. European shares fell, but losses were relatively contained.

The Nasdaq 100, S&P 500 and Dow were all poised to open in the green following Monday’s selloff, while Treasuries fell alongside the dollar. The Stoxx Europe 600 Index headed for its first decline in four days as markets reopened after the long weekend, though the drop was less than half that of the S&P 500 a day earlier. The weakest euroarea manufacturing figures for eight months added to the gloom and the euro pared almost all of its advance.

After the worst three months for global stocks in more than two years, the second quarter started on the back foot as trade tensions festered and technology shares got slammed. The risk-off mood comes as in- vestors prepare for earnings season. They still anticipate a strong showing, but will be watchful for any more signs of a slowdown in the synchronized global expansion.

The Stoxx Europe 600 Index fell 0.9 percent as of 10:58 a.m. London time with the first retreat in more than a week. Futures on the S&P 500 Index rose 0.3 percent. The MSCI AllCountry World Index declined 0.2 percent to the lowest in 19 weeks. The U.K.’s FTSE 100 Index fell 0.6 percent on the first retreat in more than a week. Germany’s DAX Index dipped 1.3 percent. The MSCI Emerging Market Index climbed less than 0.05 percent. The MSCI Asia Pacific Index dipped 0.1 percent.

West Texas Intermediate crude gained 0.4 percent to $63.28 a barrel. Copper increased 0.4 percent to $3.06 a pound, reaching the highest in more than two weeks on its fifth consecutive advance. Gold decreased 0.3 percent to $1,337.71 an ounce.