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Asian Stocks Drop as Rally Eases; Pound Holds Loss: Markets Wrap
Earlier, the S&P 500 Index closed slightly higher. Australia’s dollar dropped with bond yields after weak consumer confidence data reinforced a deteriorating outlook for the economy. “I expect equity markets to remain volatile and to tread water, and there is still too much risk in risk assets, and ultimately I think bond yields will head lower but this is a process that unfolds, it’s not a sudden event,” Suzanne Hutchins, a senior portfolio manager at Newton Investment Management in London, said in an interview at Bloomberg’s New York headquarters.
https://finance.yahoo.com/news/asia-stocks-set-mixed-start-214321697.html?.tsrc=rss
Earlier, the S&P 500 Index closed slightly higher. Australia’s dollar dropped with bond yields after weak consumer confidence data reinforced a deteriorating outlook for the economy. “I expect equity markets to remain volatile and to tread water, and there is still too much risk in risk assets, and ultimately I think bond yields will head lower but this is a process that unfolds, it’s not a sudden event,” Suzanne Hutchins, a senior portfolio manager at Newton Investment Management in London, said in an interview at Bloomberg’s New York headquarters.
https://finance.yahoo.com/news/asia-stocks-set-mixed-start-214321697.html?.tsrc=rss
