Overview
The leaked US decision to lift the currency manipulator designation on China was the latest fodder fueling the new record highs in the S&P 500. The risk-taking appetite helped extend the rally in the MSCI Asia Pacific Index for the fourth consecutive session. Europe's Dow Jones Stoxx 600 is little changed and trying to snap a two-day decline. US shares appear directionless in the European morning. Benchmark yields are slightly softer in Europe and US Treasuries, with yesterday's rise lifted Asia Pacific yields today. Supply concerns appeared to have been a factor, raising EU