US equity futures rebound from yesterday's sharp selloff. The S&P 500 has tumbled about 4% since Monday and is set to cap a fourth week of losses. Gold rose to a record, surpassing $3,000 an ounce for the first time. 

Chinese stocks surged, with the CSI 300 Index jumping 2.4%, on expectations of more government support. Officials from several ministries plan to hold a press conference on Monday on measures to boost consumption. 

A global stock selloff eases in Asian hours. US equity futures, Treasury yields and cryptocurrencies recover from sharp declines at the start of the trading day. In the US Monday, the S&P 500 dropped 2.7%. The Nasdaq 100 lost 3.8%.

US-China talks on trade and other issues are stuck at lower levels, and people familiar with the matter said. Both sides are talking past each other and failing to agree on the best way to proceed.

The euro edges higher against the greenback, while European equity futures and bund contracts gain. Germany's Greens have demanded tougher rules for defense spending.