(Bloomberg) -- U.S. equity futures gained with European shares as stellar earnings from American tech giants lifted sentiment amid dismal economic data and a resurgent virus. Gold climbed to a record.

Apple Inc., Amazon.com Inc., and Facebook Inc. all rose in pre-market trading after quarterly results showed the pandemic has increased dependence on their products and services. Caterpillar Inc. gained after reporting higher-than-expected profit. Bucking the trend, Exxon Mobil Corp. and Chevron Corp. suffered the worst losses in a generation, sending their shares lower.

Tech firms lifted the Stoxx Europe 600 Index, even after France and Spain posted record economic contractions. Nokia Oyj soared after earnings beat estimates, while BNP Paribas SA jumped on a blowout performance in fixed-income trading.

Treasury yields ticked lower, the dollar was steady after paring a decline, and oil gained.

Even as earnings are largely beating expectations, investors continue to mull figures that highlight the long struggle toward a full global economic recovery. The European GDP numbers add to stark data from the U.S., though Chinese manufacturing figures indicate a slow mend for Asia’s largest economy. Unprecedented deaths in several U.S. states and a partial lockdown in northern England show the pandemic is still wreaking havoc.

“It’s shocking no matter how you look at it,” said Randy Frederick, vice president of trading and derivatives for Schwab Center for Financial Research. “The virus is getting worse in a lot of areas, and some places have started to shut back down again. If you look at earnings in terms of beat rates, the results have actually been pretty good, granted the expectations bar has been set very low.”

These are some of the main moves in markets:

Stocks

• Futures on the S&P 500 Index increased 0.4% as of 8:22 a.m. New York time.
• The Stoxx Europe 600 Index increased 0.5%.
• The MSCI Asia Pacific Index decreased 1.1%.
• The MSCI Emerging Market Index decreased 0.1%.

Currencies

• The Bloomberg Dollar Spot Index dipped 0.1%.
• The euro was little changed at $1.1851.
• The British pound rose 0.5% to $1.3155.
• The onshore yuan strengthened 0.5% to 6.975 per dollar.
• The Japanese yen weakened 0.2% to 104.91 per dollar.

Bonds

• The yield on 10-year Treasuries fell one basis point to 0.53%.
• The yield on two-year Treasuries dipped one basis point to 0.11%.
• Germany’s 10-year yield sank two basis points to -0.56%.
• Britain’s 10-year yield fell two basis points to 0.072%.
• Japan’s 10-year yield decreased less than one basis point to 0.02%.

Commodities

• West Texas Intermediate crude gained 1.1% to $40.35 a barrel.
• Brent crude climbed 1% to $43.35 a barrel.
• Gold strengthened 1% to $1,976.82 an ounce.

©2020 Bloomberg L.P.