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Euro's Slide Extends into 7th Consecutive Session
The recovery in US equities yesterday helped the MSCI Asia Pacific Index snap a three-day decline. Chinese tech stocks remained under pressure after Tencent announced it was closing its game stream service and Beijing indicated efforts to crackdown on the improper use of algos by internet companies. Led by energy, financials, and industrials, the Stoxx 600 is up about 1.3% in late morning turnover in Europe. If sustained, it would be the second consecutive weekly advance and the fourth in the past five weeks. US futures are extended yesterday's gains. Benchmark 10-year rates continue to rise. The US 10-year is firm ... (full story)