Equity markets were in a less optimistic mood overnight, the Eurostoxx down 1.1% and the S&P500 currently down 0.7%. The defensive USD rose, while longer term US bond yields rose on increased treasury issuance.

Sentiment improved as more regions announced exit from lockdown. The S&P500 is currently up 0.9%, oil prices recovered further, and bond yields are slightly higher.

Markets remained in risk averse mode during the European session amid continuing uncertainty about when economies would return to normal. European equities closed down 3.8%, while the S&P500 swung from a minor loss to a minor gain (currently up 0.3%). The US dollar rose.

Thursday’s risk averse mood continued, the S&P500 closing down 2.8%. Contributing to the mood were concerns about a possible second pandemic wave as US states start reopening, and a brewing spat between the US and China. The AUD and NZD performed poorly, while commodities and bond yields were mixed.

Sentiment reversed lower amid weak economic data in the US and Europe. The S&P500 is currently down 1.4%, while other asset classes such as bonds, commodities and currencies were mixed. Month-end portfolio rebalancings were also at play.

Sentiment was upbeat amid promising news about a COVID-19 treatment drug. Economic data and an on-hold Fed appeared to have little market impact. The S&P500 is currently up 3.0%, the USD is lower, and commodity prices are mostly higher. Bond yields are little changed.

Sentiment was mixed across asset classes, amid US economic surveys continuing to weakness ahead and more reporting companies withdrawing earnings guidance. The S&P500 is currently unchanged, after opening around 1.4% higher. The US dollar and bond yields are lower, while commodities were mixed.

Sentiment remained upbeat as countries moved towards relaxing lockdowns and Japan’s central bank committed to unlimited bond buying. The S&P500 is currently up 1.5%, and commodity-based currencies and bond yields are higher.

Sentiment in US equity markets improved compared to Europe, markets looking ahead to lockdown restrictions being relaxed. The S&P500 closed up 1.4%, and commodity prices and commodity currencies rose, while bond yields were mixed.

Sentiment was mixed, expectations that the peak of the pandemic may have passed tempered by reports that trials for an antiviral drug had failed. The S&P500 is currently up 0.2%, and oil prices are higher, as are commodity-based currencies, while bond yields are little changed.