Risk Rally Loses Momentum, Silver Sets New Peak: Markets Wrap

Asian shares retreated and US equity-index futures pared gains as a revival in risk appetite lost momentum. Cryptocurrencies extended their losses.

MSCI’s gauge of Asian shares fell 0.4% as gauges in China and Hong Kong gave up initial gains. Contracts for the S&P 500 and the Nasdaq 100 indexes erased their earlier gains to trade flat. Japanese indexes fell more than 1% and the yen weakened amid a brewing political crisis in the country.

Silver hit an all-time high above $52.50, and gold set a new peak. The yield on the 10-year Treasury rose three basis points to 4.06% ...