Asian Stocks Climb After Fed, Yen Resumes Losses: Markets Wrap
(Bloomberg) — Stocks traded mixed and Treasury yields ticked lower after Federal Reserve Chair Jerome Powell downplayed the prospect of further interest-rate hikes. The yen resumed losses after a sudden jump hinted at intervention. Europe’s Stoxx 600 fell 0.3% as Novo Nordisk A/S dropped on disappointing results and Moller-Maersk A/S, a bellwether for global trade,…