With two regional Federal Reserve bank presidents voicing doubts about whether more rate cuts are needed at the September Fed meeting, financial stocks bounce up.
Regional banks advance as well, with the SPDR S&P Regional Banking ETF (NYSEARCA:KRE) up 0.7%.
Many non-U.S.-based multinational banks are also on the rise as the ECB's July meeting notes show the central bank is looking to develop a package of stimulus measures: Deutsche Bank (DB +2.4%), Banco Santander (SAN +2%), Barclays (BCS +1.5%), and Lloyds Banking Group (LYG +2.1%).
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