Sep
29
Stocks Fall as Deutsche Bank Woes Roil Lenders; Treasuries Climb
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U.S. oil tops $47 as gains extended after OPEC freeze deal
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Most Asian index futures retreat amid banking stock selloff
Stocks fell, while Treasuries climbed as mounting concern over Deutsche Bank AG’s finances roiled global lenders. Oil extended its surge.
Equities erased gains after Bloomberg News reported about 10 hedge funds that do business with the German lender have moved to reduce their financial exposure. Deutsche Bank’s shares traded in the U.S. tumbled to a record low, spurring a slump in American banking equities. Treasuries reversed losses as traders sought out haven assets, while the dollar rose against most of its major counterparts. U.S. crude climbed above $47 a barrel…
Stocks Fall as Deutsche Bank Woes Roil Lenders; Treasuries Climb