Asian stocks retreated on Monday after U.S. stocks fell as good news on the job market raised inflation worries. Markets in Japan were closed for a holiday. U.S. futures dropped while oil prices surged more than $1 a barrel after President Joe Biden’s administration expanded sanctions against Russia’s critically important energy

U.S. stock futures remained relatively unchanged on Tuesday night, as investors digested a range of economic developments and corporate earnings. S&P 500 futures traded around the flatline, while Nasdaq 100 futures posted a modest gain of about 0.

Asian stocks largely lower on Thursday after U.S. stocks had a volatile trading session and ended mixed. Equities slumped after economic reports on labor market and services sector. Chinese shares were mixed.

U.S. stocks are recoiling on worries that good news on the job market may prove to be bad for Wall Street by keeping inflation and interest rates high.