Stocks look for direction after rates-driven rally: Markets Wrap

News Snapshot:

(Bloomberg) — Shares edged higher after last week’s rally amid optimism central-bank interest rates are near their peak. Crude oil climbed 1%. Most Read from Bloomberg European equities advanced 0.3% and US equity futures were little changed after the S&P 500 advanced almost 6% last week. Oil climbed after Saudi Arabia and Russia reaffirmed they will stick with supply curbs of more than 1 million barrels a day through year-end. The dollar fell against most of its Group-of-10 peers with Bloomberg’s gauge of the US currency slipping for a fourth session. Policy-sensitive US two-year yields edged up four basis pints...