(Bloomberg) -- U.S. equity futures fell with most Asian stock markets 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 and Hong Kong, with South Korea and Australia trading flat. S&P 500 futures retreated along with European contracts. Microsoft Corp. shares slipped more than 1% in extended trading as a forecast for revenue in some divisions fell short of the highest analysts’ projections. China’s yuan was steady as traders digested news that the nation’s banks abandoned inclusion of a key factor used to calculate the currency’s daily reference rate. Treasury yields edged down.Volatility remains elevated as the possibility of a U.S. stimulus package before next week’s election fades, and as analysts warn against assuming that Joe Biden will beat President Donald Trump. 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.In China, indicators tracked by Bloomberg showed the recovery continued to display mixed signals while remaining broadly steady in October. In Europe, the coronavirus continues its resurgence across the continent, with Italian cases reaching a record and France recording the most deaths since April.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 10:43 a.m. in Tokyo. The gauge fell 0.3% on Tuesday.Japan’s Topix index fell 0.6%.Hong Kong’s Hang Seng dipped 0.3%.Shanghai Composite was little changed.Australia’s S&P/ASX 200 Index was flat.Euro Stoxx 50 futures slid 1.3%.CurrenciesThe Bloomberg Dollar Spot Index rose 0.1%.The yen dipped less than 0.1% to 104.47 per dollar.The offshore yuan was steady at 6.7126 per dollar.The euro fell 0.1% to $1.1783.BondsThe yield on 10-year Treasuries was at about 0.76%.Australia’s 10-year yield fell two basis points to 0.78%.CommoditiesWest Texas Intermediate crude declined 1.7% to $38.89 a barrel.Gold fell 0.1% to $1,906.57 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.