The US stock market is bouncing back after pressure eased on Wall Street from the bond market and oil prices gave back some of their big gains.

The US stock market fell from its records on Friday and joined a worldwide drop for stocks after higher oil prices sent a shiver through the bond market.

Australian markets are set to begin the week in negative territory, with ASX 200 futures pointing to a drop of around 0.1 per cent on Monday after both US indexes fell sharply…