NIFTY 50

Asia stocks cheer trade truce, bonds retreat

Updated : July 01, 2019 08:32 AM IST

The dollar gained on the safe-haven yen as Treasury yields jumped and futures reined in bets for a half-point rate cut from the US Federal Reserve this month.
The initial reaction was one of relief that new tariffs were avoided and Japan’s Nikkei climbed 1.6 percent to a two-month top.
MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.3 percent.

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