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Markets Look for Direction, Currencies in Narrow Ranges
The global capital markets are subdued today as investors wrestle with the rising virus, the shifting stance of several central banks, and a more tense geopolitical backdrop. Equity markets struggling today. Most of the large bourses in the Asia Pacific region, including Japan, China, Hong Kong, and Taiwan, moved lower, and Europe's Dow Jones Stoxx 600 threatens to snap an eight-session advance. US futures are narrowly mixed. The US 10-year yield that reached 1.37% yesterday is little changed near 1.35% today. Asia Pacific yields fell 1-3 bp, and European yields are edging higher. In the foreign exchange market, the ... (full story)
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