wever, underscoring how traders’ expectations have rapidly shifted in recent days.
Meanwhile, inflation in the euro zone slipped in February, compared with the previous month, meeting analyst expectations. Consumer prices were up 1.2% in February year-on-year, following a 1.4% rise in January, the data from Eurostat, the bloc’s official statistics office, showed. This was due primarily to a 0.3% fall in energy prices.
China has seen coronavirus cases fall sharply, with 129 in the last 24 hours the lowest reported since Jan. 20.
The worst outbreak outside China is in South Korea, where President Moon Jae-in declared war on the virus, ordering additional hospital beds and more masks as cases rose by 600 to nearly 5,000, with 34 deaths.
The International Olympic Committee on Tuesday said the summer games in Tokyo set to begin on July 24 were still expected to happen despite Japan having nearly 1,000 coronavirus cases and 12 deaths. Health officials said they would continue to monitor the situation in Japan before any final decision on the Olympics is made.
*Currencies*
• The Bloomberg Dollar Spot Index fell 0.4%.
• The euro rose 0.4% to $1.1178.
• The British pound gained 0.5% to $1.2812.
• The Japanese yen strengthened 1% to 107.23 per dollar.
*Bonds*
• The yield on 10-year Treasuries decreased 16 basis points to 1%.
• The two-year rate lost 20 basis points to 0.70%.
• Germany’s 10-year yield dropped two basis points to -0.64%.
*Commodities*
• Gold futures added 2.7% to $1,637.10 an ounce.
• West Texas Intermediate crude rose 1.1% at $47.24 a barrel.
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