Finance Am

The US dollar rose after the ECB delivered a dovish hike, while US bond yields later rose following firm economic data. The S&P500 is up 0.8%.

US inflation data was close to expectations albeit mixed in the details, leaving the broad US dollar little changed after a choppy session. Bond yields fell.

The eve of an important US inflation update saw the US dollar rise slightly, while equities fell and bond yields were mixed.

The US dollar fell slightly further overnight, bond yields ranged, and equities rose – the S&P500 up 0.7%. There was little major news for markets to digest.

A choppy session bereft of major news saw bond yields end the day slightly higher, while the USD was little changed. The S&P500 closed up 0.3%.

A slightly risk-averse session saw the S&P500 down 0.3%, bond yields slightly lower, and the US dollar slightly higher. AUD and NZD were confined to narrow ranges.

Bond yields rose in response to stronger US services activity data. The S&P500 is down 0.7%, while the US dollar had only a modest gain.

Bond yields rose amid a hefty corporate issuance pipeline and rising oil prices. The US dollar also rose, while the S&P500 is down 0.4%.

A relatively quiet session due to the US holiday saw bond yields rising slightly. Currencies were little changed, while Chinese equities rose in response to recent stimulus.

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%.