Stocks, Bonds Climb as Trade-Truce Rally Holds: Markets Wrap
Asian equity futures were supported by gains on Wall Street in a sign the stock market rally has further to run. Treasuries advanced as traders priced in two Federal Reserve rate cuts this year.
Contracts for Japanese and Australian shares climbed early Friday after the S&P 500 rose 0.4%, while Hong Kong and mainland China equity futures slipped. Alibaba Group Holding Ltd.'s quarterly revenue grew a disappointing 7%, reflecting pressure on Chinese consumers. Elsewhere, Canada's stock benchmark hit a record with an eight-day rally.
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