Finance AM

Bond yields and the US dollar were volatile amid US labour and manufacturing data, ultimately closing higher. The S&P500 closed up 0.2%.

Economic data in the US and Europe overnight was mixed, leaving European currencies weaker, while bond yields drifted lower.

Similarly to the previous day, US data (in this case US GDP and private payrolls) was weaker than expected, causing the US dollar and bond yields to fall. Equities again rose on reduced Fed rate hike expectations, the S&P500 up 0.4%.

US job openings and consumer confidence were weaker than expected, causing the US dollar and bond yields to fall sharply. Equities rose on reduced Fed rate hike expectations, the S&P500 up 1.5%.

Bond yields fell slightly during a lacklustre session, with no major news for markets, and the UK on holiday. Currencies were little changed, while the S&P500 rose 0.5%.

The US dollar and bond yields fell after US and European activity indicators were softer than expected. The S&P500 is up 1.1%.

Currencies and bonds were rangebound in a session bereft of major news, and the S&P500 closed unchanged.

The US dollar remained elevated, while bond yields receded slightly, with little fresh news for markets to digest. The S&P500 is down 0.8%.

The US dollar and bond yields rose further, helped by US economic data. FOMC minutes contained little new. The S&P500 is down 0.8%.

Bond yields were volatile for little net change, while risk sensitive currencies were slightly weaker. The S&P500 is down 1.2%. US retail sales data was stronger than expected, and Fedspeak was hawkish.

Bond yields and the US dollar continued to rise, with little fresh news for markets to digest. The S&P500 is up 0.5%.

Bond yields and the US dollar rose after firm US PPI inflation data. US equities were slightly weaker.

Markets were buffeted by US CPI data and a treasury bond auction, leaving bond yields and the US dollar slightly higher. US equities are little changed.

Interest rate and currency markets were mostly contained ahead of today’s key US inflation data, while equities fell (S&P500 down 0.7%).

There was again little major news for markets to digest, leaving bond yields slightly lower but the US dollar higher. The S&P500 is down 0.4%.

There was little major news for markets to digest, leaving bond yields and currencies mixed. The S&P500 is up 0.8%.

US bond yields and the US dollar fell sharply after softer payrolls data. The S&P500 closed down 0.5%.

US bond yields rose further, amid ongoing concerns over increased borrowing plans, while currencies were mostly contained and equities were slightly lower. The BoE hiked by 25bp and maintained a tightening bias.

The US dollar and bond yields rose after strong labour data and increasing government borrowing. Higher yields hurt equities, the S&P500 down 1.4%.

The US dollar and bond yields rose ahead of mixed economic data. The S&P500 is down 0.3%.

The US dollar was mixed, with risk-sensitive currencies outperforming defensive ones. Bond yields fell slightly, while equities were little changed.

Bond yields fell as markets speculated the Fed has probably finished hiking, with economic data on Friday encouraging that view. The USD was mixed, while equity sentiment rose, the S&P500 closing up 1.0%.

The US dollar and bond yields rose sharply, and equities fell (S&P500 -0.7%). EUR fell after the ECB softened its guidance on any future hikes after delivering the expected 25bp, and strong US economic data boosted the USD.

The Fed hiked by 25bp, as was widely expected, and left the door open to either hiking or holding. Following the press conference, bond yields and the US dollar are slightly lower, while equities are little changed.

Bond yields rose amid stronger second-tier US economic data. Currencies were mixed, while the S&P500 is up 0.3%.