Dollar Gains as Stocks, Bonds and Oil Waver - Europe Market Wrap

Stocks were little changed while Brent crude hovered around $99.50 a barrel after its longest losing streak this year. Nasdaq 100 futures pointed to an open near record highs, while S&P 500 futures were flat. European and Asian equities struggled for direction, with Treasuries and European bonds broadly weaker. The dollar rose for a fourth straight session, reaching its highest level since July, as traders continued to assess the outlook for Fed policy following last week’s rate hike. Middle East developments remained a major focus. President Trump said US-Iran talks had made progress and described recent discussions as productive, while markets continued to weigh whether diplomacy could ease pressure on oil supply and inflation. The economic calendar is relatively light, with S&P Global’s preliminary US manufacturing and services PMIs due later Wednesday. Manufacturing is expected at 53.6 versus 53.9 previously, while services is forecast at 55.8 versus 56.5. Euro-area activity strengthened more than expected, with the composite PMI rising to 53.1 from 52.0, its fastest pace of expansion in around three and a half years and comfortably above the 50 level separating expansion from