Asian shares were looking to rally for a fourth straight session on Thursday as ...
Asian markets followed, if a little more cautiously. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.2%, in its fourth day of gains.rose 0.8% and hard-hit Australian shares finally managed a bounce of 1.6%. E-Mini futures for the S&P 500 ESc1 dipped 0.4% after its overnight jump.
He noted the bank’s all-industry PMI measure of activity for February slumped 6.1 points, the largest one-month drop on record, and at 46.1 was at the lowest since May 2009. In the end, monetary policy was not a cure for the disease and the impact was likely to get worse before it got better. The better data combined with the rally in stocks to nudge 10-year Treasury yields AU10YT=RR up from all-time lows under 1% to reach 1.05%. Yields had fallen for 10 straight days, the longest slide in at least a generation.from a two-month high of $1.1212 hit earlier in the week., from a five-month trough of 106.84, while the dollar index firmed to 97.389=USD.
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