(Bloomberg) — Asian stocks look set to come under pressure after U.S. shares closed at their lows as restrictions to curb the coronavirus spread overshadowed progress toward a vaccine. The dollar held near its lowest in two years.Futures slipped in Japan and Australian shares retreated. S&P 500 futures were little changed with the benchmark closing at its session low after New York City shut schools because of rising infections. Pfizer Inc. advanced after saying its vaccine was 95% effective, paving the way to apply for the first U.S. regulatory authorization for a coronavirus shot within days. The Bloomberg Dollar Spot Index earlier fell to the lowest since April 2018 as vaccine optimism lifted commodity prices and resource-linked currencies. Benchmark Treasury yields ticked higher.Investors are reining in some of the euphoria that propelled global stocks to record highs in the past week on positive news about vaccine developments. Instead, money managers remained focused on the latest coronavirus data showing disturbingly high infection rates in Europe and the U.S.“Investors are taking a well-earned timeout after the news of the last couple weeks saw sentiment surge to levels that suggested excessive optimism,” said Adam Phillips, director of portfolio strategy at EP Wealth Advisors. “Progress toward a vaccine is promising and suggests a light at the end of the tunnel, but there’s no telling for sure how long that tunnel is.”Elsewhere, Bitcoin was back below $18,000 after surging above that level as cryptocurrencies roared back to life. Oil fell and gold was steady.Here are some events to watch out for this week:Brexit talks look set to continue as the U.K. and EU approach the latest deadline.Bloomberg New Economy Forum virtually convenes global leaders to discuss trade, growing political populism, climate change, and the pandemic. Through Nov. 19.Bank Indonesia rate decision Thursday.These are the main moves in markets:StocksS&P 500 futures were flat as of 8:03 a.m. in Tokyo. The S&P 500 Index fell 1.2%.Nikkei 225 futures fell 0.2% in Singapore.Australia’s S&P/ASX 200 Index fell 0.2%.Hong Kong’s Hang Seng Index futures were little changed earlier.CurrenciesThe yen was steady at 103.82 per dollar.The offshore yuan traded at 6.5623 per dollar.Bloomberg Dollar Spot Index dipped.The euro was little changed $1.1852.The British pound held at $1.3268.BondsThe yield on 10-year Treasuries rose one basis point to 0.87%.Australia’s 10-year bond yield was at 0.89%.CommoditiesWest Texas Intermediate crude fell 0.4% to $41.64 a barrel.Gold was little changed at $1,873.75 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
— to uk.finance.yahoo.com