Stock market news
• Markets in Asia were mostly choppy, driven by reports that Canadian Prime Minister Justin Trudeau could announce his resignation as early as today. A muted market reaction suggested the news had been priced in and investors may welcome the possibility of a snap election to clear the outlook, sending the U.S. dollar down 0.3% to C$1.4404.
• The dollar also lagged some of the other majors but was supported by Treasury yields, with 10-year notes approaching their recent eight-month high of 4.641%. A break of that level would take the 2024 peak to 4.739% and further...
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