U.S. equity futures rise, dollar sinks on Evergrande media report

U.S. equity index futures kicked higher and the U.S. dollar’s losses widened against its rivals after a Bloomberg news report that financial regulators in Beijing told embattled property developer China Evergrande (3333.HK) to avoid a near-term default on its dollar bonds.

Versus a basket of its rivals, the greenback fell to 93.14 while U.S. stock index futures extended gains to 0.8% in London trading.

“A little bit of risk-on moves but in reality it is really quiet. People think Beijing will ‘solve’ Evergrande by kicking the can down the road,” one trader said.