(Bloomberg) — European stocks and U.S. futures edged lower, as momentum slowed in risk assets after a historic rally. Treasuries advanced.
The Stoxx Europe 600 Index opened with declines in banks undercutting gains in travel shares. Asian shares continued higher, just hours after investors pushed the S&P 500 Index back into positive territory for 2020. The dollar strengthened for the first day in nine sessions.
With global equities rebounding to their levels in February, concern that the bounce back has far overshot the economic recovery continues to weigh on investors. The World Bank warned the global economy will contract the