US Futures, Europe Stocks Waver as Banks in Focus: Markets Wrap
(Bloomberg) -- US stocks were little changed and Treasuries edged lower as uncertainty over the path of the Federal Reserve’s interest-rate hikes continued to plague markets in the wake of three US bank collapses. St. Louis Fed President James Bullard said “appropriate monetary policy can continue to put downward pressure on inflation” despite the turmoil. Meanwhile, US consumers appear to have shrugged off the bank failures, with the latest consumer confidence figures unexpectedly higher. The S&P 500 drifted lower, snapping a three-day advance, while the two-year Treasury yield held jus...