Markets around the world are Stable Following Two Days of Gains

Markets this morning are mostly stable following two-day relief rally.

Futures indicating a flat open for the S&P 500 Thursday, while the Stoxx Europe 600 down 0.1% early morning. Both indexes posted their largest two day increase since February, as investors continued to discuss the results of the U.K.'s vote to leave the European Union.

Bank stocks leads the decline, following the U.S. Federal Reserve's annual stress tests did not approve the banking units of Deutsche Bank AG and Banco Santander SA failed stress test. In addition, the International Monetary Fund named Deutsche Bank as the riskiest financial institution in the world.

Stocks in Japan and Shanghai closed unchanged, while Hong Kong's Hang Seng Index up 1.8%. The Australia's S&P ASX 200 rose 1.8%, led by energy and mining shares.

Commodities markets mostly up, Brent crude oil fell 1.1% to $50.77 a barrel. Oil prices posted their biggest gain in over two months. Gold was down 0.5% at $1,320 an ounce.

The pound move higher by 0.2% against the dollar to $1.347and the euro is down 0.1% against the dollar at $1.1115.