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Players are Not Buying Everything Today
The rally of US benchmarks to new record highs helped lift most Asia Pacific markets today, but the bulls are pausing in Europe, and there has been little follow-through buying of US shares. Australia, South Korea, and Indonesia did not participate in today's regional advance led by a 2% rally in China's main indices. Most European markets are lower, and the Dow Jones Stoxx 600 may post its first loss of the month. US shares are trading a bit lower. The US 10-year note began recovering yesterday as buyers emerged as the yield approached 1.20%. It is not below 1.15% and set to snap an eight-day rise. European bonds ... (full story)