The global stock rally lost some steam on Tuesday in Asia, and Treasury yields edged down, after notable moves Monday in the wake of better-than-expected American and Chinese manufacturing data. The MSCI Asia Pacific Index headed for the highest close since October on a modest gain. Japanese shares were little changed, while benchmarks were up slightly in Shanghai, Hong Kong and Seoul. Australia outperformed ahead of the government’s pre-election budget announcement. U.S. futures were flat after the S&P 500 Index closed little more than 2 percent from its record high. Ten-year Treasury yields dipped after the biggest surge in three months Monday. The pound slipped on the latest Brexit news. Oil added to gains.-  Bloomberg 

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