*U.S. STOCK FUTURES EDGE LOWER TO START THE WEEK AS DEBT-LIMIT DEADLINE DRAWS NEAR 🇺🇸 🇺🇸
up 0.01% and Nasdaq futures down 0.8%.
Jonathan Pingle, U.S. chief economist at UBS, views the Japanese yen and gold as best placed to benefit from a U.S. default. The ban helped stocks of Micron's rivals in China and elsewhere, which are likely to benefit as mainland companies seek memory products from other sources. Two-year yields last stood at 4.2472%, pulling away from a recent two-month high, while the 10-year yield also dipped to 3.6631%.
Meanwhile, regional U.S. bank shares fell on Friday, as Treasury Secretary Janet Yellen reportedly warned that more mergers may be necessary after a series of bank failures.
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