Stocks Gain in Asia, Dollar Snaps Eight-Day Rally: Markets Wrap

(Bloomberg) — Asian stocks and U.S. futures gained and the dollar halted an eight-day rally as investors took stock of an unprecedented rush of global stimulus measures.European futures also climbed amid tentative signs of returning appetite for riskier assets. Gains in South Korea’s equity market topped 7% and shares in Hong Kong climbed over 4%, though a strong advance in Australia fizzled out. China’s yuan rose after the central bank set the daily reference rate slightly stronger than anticipated, though still the weakest in 12 years. Treasury futures ticked higher.Australian bond yields, which saw an historic surge on Thursday, retreated …read more

Source:: Yahoo Finance

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