Stocks Pare Gains in Asia; Yen Climbs With Bonds: Markets Wrap

(Bloomberg) — Japanese stocks surrendered gains and U.S. futures came off their highs Tuesday after a wave of initial enthusiasm about central banks kicking into gear to protect the global economy from the hit of the coronavirus.Central bankers from the U.S., Japan and Europe pledged to act as appropriate to address mounting risks from the coronavirus and Group of Seven finance chiefs confer by telephone Tuesday. A report from South Korea showing another jump in coronvirus cases there, while on par with Monday, underscored that the disease continues to spread. U.S. 10-year yields slid, the yuan dipped and S&P 500 …read more

Source:: Yahoo Finance

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