Finance Am

Bond yields fell again, following weaker US private jobs data, recession fears rising. Equities fell, the S&P500 down 0.3%, and the defensive USD rose.

Bond yields fell for a third consecutive day, following weaker US data. The USD followed suit, but equities were not soothed – the S&P500 is down 0.6%.

Bond yields again fell, following weaker US manufacturing data. The USD also fell, while the S&P500 is up 0.4%.

Bond yields fell after a key inflation measure was slightly lower than expected. The S&P500 closed up 1.5%, and the USD rose slightly amid quarter end rebalancing.

Sentiment deteriorated amid continuing reports on financial stability risks. The S&P500 is down 1.0%, bond yields are lower, and the USD is lower.

Sentiment improved as officials signalled support for troubled banks and the ECB followed through on its signalled rate hike. The S&P500 is up 1.4%, bond yields are higher, and the USD is lightly lower.

Recent concerns about some US banks extended to Europe, causing a global flight to safe haven instruments. The S&P500 is down 1.6% and the Eurostoxx50 is down 3.5%. Bond yields plunged and the usually defensive USD rose sharply.

Alarm over the recent US bank failures subsided, and markets partly retraced. The S&P500 is up 1.0%, and bond yields are higher, while the USD is unchanged. US CPI data matched expectations.

US bank failures continued to weigh on bond yields, as markets priced less Fed tightening. The USD also fell, while equities were supported by lower interest rates, the S&P500 up 0.7%.

A mixed US jobs report and news of a US bank failure helped push bond yields, the USD dollar, and equities lower, the S&P500 closing down 1.5%.

Market tension ahead of tonight’s US payroll data was illustrated by a minor US labour report which was weaker than expected, causing bond yields and the US dollar to fall. The S&P500 is down 1.1%.

Bond yields fell and rose for little net change, amid Fed Chair Powell’s repeated testimony and some solid US data. Currencies were contained, while equities fell slightly, the S&P500 down 0.3%. The Bank of Canada’s policy rate was unchanged.

Equity sentiment improved slightly further, markets waiting for Friday’s important US jobs data to provide direction. Bond yields rose slightly, after some hawkish ECB comments, while currencies were mixed, the AUD and NZD underperforming.

Bond yields and the USD fell and risk sentiment rose (S&P500 +1.6%) as market expectations of Fed tightening stalled, encouraged by US services ISM data.

Bond yields and the USD fell and risk sentiment rose (S&P500 +1.6%) as market expectations of Fed tightening stalled, encouraged by US services ISM data.

Bond yields rose in the wake of stronger economic data in the US and Europe, and hawkish Fedspeak. The USD underperformed, and the S&P500 is down 0.6%.

The AUD and NZD were supported by slightly positive risk sentiment (S&P500 +0.3%), while bond yields saw little net change.

US bond yields fell amid month-end rebalancing, and risk sentiment rebounded (S&P500 +0.7%). These two factors weighed on the USD.

US inflation data was stronger than expected, boosting bond yields and the USD and hurting risk sentiment. The S&P500 closed down 1.1%.

US economic data was mixed, weighing on risk sentiment and supporting the defensive USD. The S&P500 is down 0.3%.