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Most of the major regional equity markets....>

STOCKS
STOCKS: Most of the major regional equity markets gave back at least some of
their early Asia-Pacific gains on Tuesday, with hopes re: co-ordinated easing
members from the G7 receding. The latest RTRs sources piece came well after the
start of the pullback, which was most notable in Japanese equity markets, which
struggled alongside a stronger JPY. As a reminder, RTRS noted that "the Group of
Seven industrial powers are crafting a statement for their finance leaders to
issue on countering the impact of the coronavirus, but for now it does not
specifically call for new government spending or coordinated interest rate cuts
by central banks, a G7 official with direct knowledge of the deliberations told
Reuters on Tuesday." U.S. equity index futures also moved back from their early
highs after rallying hard into yesterday's close, as late Monday saw the space
build on the early gains as some looked to buy the dip on the back of exp. re:
deeper global monetary easing, while pharma rhetoric re: coronavirus vaccine
testing in the short term likely added further support ahead of Wall St. close.
- Nikkei 225 -0.6%, Hang Seng +0.4%, CSI 300 +1.3%, ASX 200 +0.9%.
- S&P 500 futures +4, DJIA futures +46, NASDAQ +10.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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