U.S. Futures Climb, Yen Dips, Asia Stocks Mixed: Markets Wrap

(Bloomberg) — U.S. stock futures rose after early wins in the Super Tuesday primaries by Joe Biden lessened the chance of the Bernie Sanders nomination that had unsettled some investors.The yen dipped and Japanese equities recouped early losses. Futures on the S&P 500 were up about 0.8% after the index had tumbled almost 3% in wake of an emergency 50 basis-point Federal Reserve interest-rate cut that had failed to ease concerns about an economic downturn thanks to the coronavirus. Ten-year Treasury yields stayed below 1% after falling below that level for the first time Tuesday.Biden, positioned as a moderate against …read more

Source:: Yahoo Finance

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