- Euro STOXX 600 falls 0.6%
- U.S. bond market signals economic pain ahead
- Treasury 10-year yields lower
- Ukraine-Russia negotiations earlier buoyed stocks
- Wall Street down
NEW YORK, March 30 (Reuters) – The U.S. and European equities rally wavered on Wednesday as investors reviewed economic and geopolitical risks, while oil prices jumped more than $2 on the prospect of more Russian sanctions.
The breather in stocks followed three to four straight days of gains that more than erased losses sustained when Russia invaded Ukraine five weeks ago, and came as bond investors wondered whether the U.S. Federal Reserve’s policy tightening could harm the world’s biggest economy over the longer term.
A key part of the U.S. yield curve briefly inverted on Tuesday in what is widely viewed as a harbinger of a recession, although it has since reverted. read more
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“We see further equity upside medium-term given a robust…