Debt Ceiling Talks Impact Stock Markets Globally

1 min read
Source: The Wall Street Journal
Debt Ceiling Talks Impact Stock Markets Globally
Photo: The Wall Street Journal
TL;DR Summary

Stock futures are up, indicating a potential recovery after Tuesday's fall due to concerns about a debt-ceiling default. Regional bank shares are volatile, with PacWest Bancorp and Western Alliance Bancorp leading gains. Housing starts for April rose 2.2%, beating expectations, but building permits fell 1.5%. The 10-year US Treasury yield fell to 3.534%, while the two-year yield rose to 4.095%. The WSJ Dollar Index gained 0.4%, and the Stoxx Europe 600 fell 0.1%.

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