JYN - Stocks Push Higher But A More Cautious Tone May Be Emerging
Overview
The bullish enthusiasm that carried the S&P 500 to new closing highs yesterday is helping Asia-Pacific and European shares today. The MSCI Asia-Pacific Index rose for the third session, with Tokyo, Hong Kong, and Korea jumping two percent. Europe's Dow Jones Stoxx 600 gapped to new record highs before stabilizing in mid-morning turnover. US shares are mostly firmer. Benchmark bond yields have edged higher in Europe and Asia, while the US 10-year yield is hovering around 1.65%. The greenback is bid against all the major currencies and most emerging market currencies, but ranges are