(Bloomberg) -- Futures for the S&P 500 declined on Thursday and European shares stalled after a three-day surge as investors weighed corporate results, more dismal data and the latest virus news. Oil continued to rebound after an early-week tumble.

Contracts on the S&P 500 stayed in the red as the latest U.S. unemployment figures showed a larger than expected jump in new benefit claimants, though the figure of 3.84 million was an improvement on last week’s 4.44 million. Nasdaq 100 futures clung to gains following strong results from Microsoft Corp., Facebook Inc. and Tesla Inc. after the Wednesday close. The Stoxx Europe 600 Index also gave up an early advance to trade lower amid a barrage of bad economic readings.

In the latest earnings news:

Most European bonds maintained gains as the ECB intensified its response to the coronavirus crisis while leaving its main borrowing rate unchanged. The euro continued to drift in a range. Crude futures jumped for a second day on signs fuel consumption is starting to recover in the world’s biggest economies.

Investors continue to weigh a brutal economic picture against hopes for a coronavirus treatment and an eventual end to lockdown measures across the world. The U.S. government’s top infectious-disease expert, Anthony Fauci, said early results from the Gilead drug trial offered “quite good news,” while results from tech giants show some parts of the economy have remained resilient. That’s even as many firms slash dividends and data shows Europe slumped into a recession last quarter alongside America.

Elsewhere, Japanese and Chinese equities rose over 1% as their Australian peers jumped more than 2%. Hong Kong and South Korea were shut for a holiday. Emerging-market stocks jumped.

These are the main moves in markets:

Stocks

• Futures on the S&P 500 Index dipped 0.5% as of 8:33 a.m. New York time.
• The Stoxx Europe 600 Index decreased 0.5%.
• The MSCI Asia Pacific Index rose 1.3%.
• The MSCI Emerging Market Index gained 1.2%.

Currencies

• The Bloomberg Dollar Spot Index dipped 0.1%.
• The euro was little changed at $1.0869.
• The British pound rose 0.3% to $1.2509.
• The onshore yuan strengthened 0.4% to 7.05 per dollar.
• The Japanese yen strengthened 0.1% to 106.59 per dollar.

Bonds

• The yield on 10-year Treasuries fell one basis point to 0.61%.
• The yield on two-year Treasuries dipped one basis point to 0.19%.
• Germany’s 10-year yield sank four basis points to -0.54%.
• Britain’s 10-year yield declined two basis points to 0.261%.
• Japan’s 10-year yield climbed one basis point to -0.03%.

Commodities

• West Texas Intermediate crude gained 15% to $17.32 a barrel.
• Brent crude surged 12% to $25.25 a barrel.
• Gold weakened 0.1% to $1,712.30 an ounce.

©2020 Bloomberg L.P.