Asia Stocks to Rise as Global Risk Rally Powers On: Markets Wrap

(Bloomberg) -- The global stock rally looked set to extend into Thursday as investors clung to optimism for a speedy economic recovery from the pandemic. Treasury yields jumped and the dollar retreated.Equity futures rose in Japan, Hong Kong and Australia. The Nasdaq 100 earlier briefly surpassed its February closing record and banks led the S&P 500 Index to a three-month high. U.S. futures opened flat. The dollar dropped to its weakest since early March. Gold and Treasuries slumped as inves