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FXY - Fragile Stability In Capital Markets Even As SARS Comparisons Grow
Invesco CurrencyShares Japanese Yen Trust
Overview
The S&P 500 lost less than 0.3% yesterday, even as the first case of the Wuhan virus was found in the US. The relative subdued US reaction may have helped stabilize the capital markets today. Nearly all the major markets in the Asia-Pacific regions rose, including a more than 1% gain in Hong Kong and South Korea. European shares are posting small gains near midday. Industrials and utilities are offsetting losses in information technology and energy. US shares are trading firmer, and the S&P 500 appears poised to set a new record high today.