Finance AM

Bond yields rose slightly, helped by some hawkish Fedspeak, while currencies were mostly contained. The S&P500 closed down 0.4%.

The USD fell after a hawkish hike from the ECB and some lacklustre US data. US bond yields fell and equities rose, the S&P500 up 1.2%.

US bond yields rose after the Fed’s hawkish pause decision. The US dollar partly recovered lost ground, while equities are little changed (S&P500 -0.2%).

Equities rose further (S&P500 +0.7%), encouraged by a benign inflation update, while the US dollar fell slightly. Bond yields are curiously higher, possibly due to positioning ahead of tomorrow’s FOMC decision.

Equities rose ahead of a busy data and central bank week (S&P500 +0.9%), while bond yields and currencies fluctuated for little net change.

Bond yields, risk-sensitive currencies, and equities rose as risk sentiment remained elevated in a session without much major news for markets to digest.

Bond yields and the US dollar fell after a US jobless claims report. The S&P500 is up 0.6%.

Bond yields rose, helped by the Bank of Canada’s decision to hike its policy rate. The US dollar also rose, while equities fell (S&P500 -0.4%).

US bond yields rose despite little major news. The US dollar was mixed, and equities little changed. The AUD preserved much of its post-RBA reaction.

Bond yields and the US dollar fell following a softer ISM services activity survey. The S&P500 is down 0.2%.

A strong US jobs report helped push bond yields, the USD, and equities higher (S&P500 +1.5%).

Sentiment was upbeat as markets reduced Fed rate expectations following some weaker economic data. The S&P500 is up 1.2%, and the USD and bond yields are lower.

In a volatile session, dovish Fedspeak dominated strong labour data to push bond yields lower. The S&P500 is down 0.6%, while currencies are mixed.

US equities rose amid expectations of a debt ceiling resolution soon, the S&P up 1.3%. Bond yields rose after stronger PCE inflation data. The US dollar was mixed.

Bond yields and the US dollar rose after stronger inflation and labour-related US data. The S&P500 is up 0.9%.

US equities again fell amid little sign of progress in the debt ceiling talks, the S&P500 down 0.7%. Bond yields rose, following strong UK inflation data and hawkish Fedspeak, as did the US dollar.

US equities fell amid no sign of progress in the debt ceiling talks, the S&P500 down 1.1%. The defensive US dollar rose, while bond yields were volatile.

Bond yields rose but currencies and equities were fairly stable. Markets preoccupied with the US debt ceiling talks.

A volatile session left bond yields slightly higher and the US dollar lower. The S&P500 closed down 0.1%. Stalled debt ceiling talks and Fed Chair Powell’s less hawkish comments dominated markets.

Risk sentiment improved amid promising headlines on the US debt ceiling. The S&P500 is up 1.2%, bond yields are higher, and risk-sensitive currencies outperformed.

Stronger US data helped bond yields and the US dollar rise, while equities fell (S&P500 -0.3%).

Amid little major news for markets, the US dollar weakened slightly, while bond yields rose slightly. The S&P500 is up 0.3%.

US bond yields and the US dollar rose after surveyed US inflation expectations were stronger than expected. The S&P500 close down 0.2%.

Sentiment weakened slightly amid headlines on US banks and some softer US economic data. The S&P500 is down 0.2%, bond yields are slight lower, and the USD is higher. The BoE hiked as expected.

US CPI inflation data was slightly softer than expected, causing bond yields to fall sharply. The US dollar weakened slightly, while equities welcomed the result (S&P500 +0.5%).