US Futures Steady as Auto Strike Begins: Markets Wrap (Correct)

US equity futures hovered around current levels as a union of automaker workers went on strike, while Arm Holdings Plc shares rallied.

In Europe and Asia, stocks jumped on the back of better-than-expected economic data in China, which fueled hopes stimulus measures are paying off. Brent crude traded near $94 per barrel, while the dollar edged lower versus most major peers and Treasury yields ticked higher.

General Motors Co., Ford Motor Co. shares retreated about 2% before the official US open. The United Auto Workers has started an unprecedented a strike, setting the stage for a protracted showdown. ...