Volatility continued to reign in markets Wednesday, with sovereign bond yields tumbling anew after yesterday’s surge, the dollar sliding and U.S. stock futures dropping.
Contracts on the S&P 500 Index fell more than 2% after the U.S. administration failed to offer details on what President Donald Trump said would be “major” measures to combat the economic impact of the coronavirus. European futures rose after the near 5% rally on Wall Street Tuesday. Asian equities fell, while the yen surged and crude oil held most of Tuesday’s rebound.
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