(Bloomberg) -- U.S. equity futures extended gains on Monday as investors clung to hopes for a deal in stimulus talks. Europe equities fluctuated after a string of positive earnings.S&P 500 Index contracts rose as much as 0.9% after a spokesman for House Speaker Nancy Pelosi said differences were narrowing in negotiations. Goldman Sachs Group Inc. will be in focus after a report it reached a long-awaited pact in the U.S. to pay more than $2 billion for the bank’s role in Malaysia’s 1MDB scandal. Procter & Gamble shares rose in the pre-market on the best organic sales growth since 2005.In Europe, UBS gained after the Swiss bank’s traders performed better than most of their Wall Street rivals in the third quarter. Logitech surged as much as 22% to a record high after the Swiss tech-hardware maker raised its sales forecast. European sovereign bonds dropped as Treasuries edged lower. The pound slipped versus the euro as the U.K. held out for additional European Union concessions as a condition for resuming trade talks.A rally built on stimulus hopes has investors weighing up Pelosi’s deadline of striking a deal today against speculation that the looming election will prove too much of a hurdle to overcome. Yet with Federal Reserve policy makers urging for more fiscal support to complement unprecedented monetary aid, many in the market may be willing to let the deadline come and go.“The behavior of markets is reflecting optimism that there’s going to be big stimulus by January,” said John Normand, head of cross-asset fundamental strategy at JPMorgan Chase & Co. “I don’t think it’s necessarily a faith that Pelosi and Mnuchin and McConnell will agree to anything substantive by Pelosi’s deadline of today. It’s more of a look-through dynamic.”Earlier in the Asia day, the Australian dollar slid after comments from the central bank’s assistant governor that short-term rates could fall below zero.Meanwhile, global coronavirus cases exceeded 40 million, with the pandemic showing no signs of slowing. In the U.S., surges in Wisconsin and other battleground states pose a challenge for President Donald Trump two weeks before he stands for re-election.Here are some key events this week:Brexit trade talks are likely to continue at least into next week if the U.K. and EU fail to reach an agreement.The final presidential debate before the U.S. election, between President Donald Trump and former Vice President Joe Biden, will be live from Nashville, Tennessee on Thursday.These are some of the main moves in markets:StocksFutures on the S&P 500 Index gained 0.8% as of 7:09 a.m. New York time.Nasdaq 100 Index futures increased 0.8%.The Stoxx Europe 600 Index advanced 0.1%.The MSCI Asia Pacific Index decreased 0.3%.CurrenciesThe Bloomberg Dollar Spot Index dipped 0.2%.The British pound advanced 0.1% to $1.2959.The Japanese yen weakened 0.1% to 105.58 per dollar.The Australian dollar declined 0.5% to $0.704.BondsThe yield on 10-year Treasuries increased two basis points to 0.79%.Germany’s 10-year yield climbed one basis point to -0.62%.Britain’s 10-year yield gained one basis point to 0.181%.Italy’s 10-year yield gained two basis points to 0.739%.CommoditiesWest Texas Intermediate crude climbed 0.3% to $40.96 a barrel.Gold strengthened 0.1% to $1,905.40 an ounce.LME aluminum dipped 0.4% to $1,847 per metric ton.Natural gas gained 3.4% to $2.89 per mmbtu.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.