Stocks on edge as traders wait on central bankers


Source: reuters.com reuters.com

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SINGAPORE, May 2 (Reuters) - Asian shares wobbled in cautious trade on Tuesday, while the dollar was firm ahead of a series of data releases and central bank meetings that begins with the Reserve Bank of Australia later in the day. The overnight sale of First Republic Bank's (FRC.N) assets to JPMorgan Chase (JPM.N) resolved the third U.S. bank failure in two months. Treasury yields rose in response and expectations firmed to near certain for one final U.S. rate hike this week. JPMorgan shares rose 2.1%. The S&P 500 (.SPX) closed flat and ANZ analysts said markets' relief was evident....