(Bloomberg) — Global stocks retreated Thursday amid fears of a second wave of the coronavirus in the U.S. and overnight caution from the Federal Reserve.Japanese shares led Asian equities lower, while U.S. and European futures slid. Losses accelerated after data showed coronavirus cases surpassing 2 million in the U.S., with hospitalizations jumping in Texas. Treasuries consolidated gains made in the wake of the Fed decision, which featured fresh projections including an outlook for no interest-rate hikes through 2022. The dollar rebounded and the yen pushed higher.Fed Chair Jerome Powell said the central bank had a briefing on yield-curve control, amid …read more
Source:: Yahoo Finance
