(Bloomberg) -- U.S. equity futures fell with Asian stocks as concern lingered about the impact of the worsening pandemic on economic activity in some parts of the world. The dollar rebounded against major peers.Shares dropped in Japan, Australia and South Korea. S&P 500 contracts retreated after the U.S. benchmark closed with a modest decline. Earlier, technology shares eked out gains on Advanced Micro Devices Inc.’s $35 billion takeover of chipmaker Xilinx Inc. European shares fell to the lowest since May amid concern about the faster spread of the coronavirus on the continent.China’s yuan is in focus after the nation’s banks abandoned inclusion of a key factor used to calculate the currency’s daily reference rate. Treasury yields closed lower.Volatility remained elevated as the possibility of a U.S. stimulus package before next week’s election fades. Meanwhile, investors mulled a U.S. consumer confidence report that came in worse than forecast Tuesday. Data showed Covid-19 hospitalizations rose at least 10% in the past week in 32 states and the nation’s capital.“Covid case counts and hospitalizations continue to rise -- these will continue to be closely watched as investors gauge the likelihood of more stringent mitigation measures,” said Yousef Abbasi, global market strategist at StoneX.Elsewhere, crude retreated. Oil had climbed Tuesday as U.S. Gulf producers shut production ahead of Tropical Storm Zeta. Bitcoin rose past $13,500, approaching levels not seen since just after the collapse of cryptocurrency prices almost three years ago.These are some events to watch this week:The Chinese Communist Party’s Central Committee holds its all-important plenum, where it’s expected to chart the course for the economy’s development for the next 15 years. Through Oct. 29.Brexit negotiating teams have started intense daily talks, and these are likely to continue as both sides push to finalize a deal by the middle of November.Bank of Japan and the European Central Bank have monetary policy decisions Thursday, followed by briefings from Governor Kuroda and President Lagarde.The first reading of U.S. third-quarter GDP Thursday is anticipated to be the strongest on record following a record dive in the prior quarter as many businesses were shuttered by the pandemic.Here are the main moves in markets:StocksS&P 500 futures declined 0.5% as of 9:01 a.m. in Tokyo. The gauge fell 0.3% on Tuesday.Japan’s Topix index fell 0.7%.South Korea’s Kospi dropped 0.3%.Australia’s S&P/ASX 200 Index declined 0.1%.CurrenciesThe Bloomberg Dollar Spot Index rose 0.2%.The yen dipped 0.1% to 104.53 per dollar.The offshore yuan slipped 0.1% to 6.7209 per dollar.The euro fell 0.1% to $1.1781.BondsThe yield on 10-year Treasuries ticked down to 0.76%.Australia’s 10-year yield fell three basis points to 0.77%.CommoditiesWest Texas Intermediate crude declined 1.8% to $38.85 a barrel.Gold fell 0.2% to $1,905.06 an ounce.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.