Finance Am

Bond yields and the US dollar rose, helped by stronger US consumer sentiment and inflation expectations.

Bond yields and the US dollar fell further, and equities rose further (S&P500 up 0.9%, highest since March 2022). US PPI inflation was softer than expected, endorsing the disinflationary theme evident in the previous day’s CPI update.

US inflation data was softer than expected, causing bond yields and the US dollar to fall, and equities to rise – the S&P500 up 0.7%.

US equities rose, the S&P500 up 0.7%, and the US dollar fell slightly, with little major news flow for markets to digest.

US bond yields and the US dollar fell amid little major news for markets to digest. Equities are little changed.

US jobs data was not as strong as expected, causing the US dollar to fall. Bond yields were mixed, and equities fell slightly (S&P500 -0.3%).

US economic data was stronger than expected, pushing bond yields higher, and risk-sensitive currencies and equities lower (S&P500 -0.8%).

Bond yields and the US dollar rose as US markets returned from holiday. The FOMC minutes extended these moves slightly.

Sentiment remained elevated ahead of the US holiday, the S&P500 up 0.1%. Bond yields and the US dollar only briefly dipped following weaker US manufacturing data.

Risk sentiment rose further, the S&P500 up 1.2% to a nine-month high. The defensive US dollar fell, while bond yields were mixed. US inflation data softened slightly.

Stronger US economic data boosted bond yields and the US dollar, while the S&P500 is up 0.5%.

Amid quarter end rebalancing, bond yields fell slightly and the US dollar rose. Comments from the global central bank forum caused only a brief spike in yields.

Bond yields rose after stronger than expected US economic data, as did equities (S&P500 1.2%). The US dollar was subdued.

There was little change in bond yields, currencies, and equities, and little major news for markets to digest.

In a risk-averse session, bond yields and equities fell, and the defensive US dollar rose, amid PMI data indicating major economies are slowing.

Bond yields rose following a spate of central bank hikes, while concerns about recessions due to overtightening lifted the safe-haven US dollar.

The US dollar fell, despite Fed Chair Powell’s testimony indicating higher rates to come. Bond yields were volatile for little net change, while equities are slightly lower.

Sentiment was slightly downbeat as US markets resumed after the long weekend, the S&P500 down 0.4%. Matching the mood, bond yields fell, and risk-sensitive currencies fell.

During a thinned session, with US markets closed, European equities fell and bond yields rose amid hawkish ECB comments. The defensive USD outperformed.

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