Markets were in an upbeat mood, expecting progress on US-China trade talks. The main US equity indices made record highs, the S&P500 closing up 0.8%. The USD fell, while US bond yields ranged sideways.

Markets were in a slightly risk averse mood, citing the lack of progress on a US-China trade deal, disappointing Chinese economic data, and tensions in Hong Kong. US bond yields fell, as did the AUD and NZD, while equities were little changed.

US equities remained elevated (S&P500 +0.2%) while bond yields fell. Fed Chair Powell’s testimony and the US CPI data were largely as expected.

US equities rose further, the S&P500 up 0.4% to a fresh record high. The US dollar firmed slightly, while bond yields fell slightly. Pres. Trump repeated his expectation a US-China trade deal would occur soon.

US equities fell slightly during a holiday-thinned market, the S&P500 down 0.2%. The US dollar also fell slightly, with the GBP outperforming on UK election prospects and the AUD underperforming.

Sentiment remained elevated amid expectations a US-China trade deal would be agreed. The S&P500 closed up 0.3% at a record closing high, US bond yields remained elevated, and the USD rose.

Sentiment rebounded as the US and China agreed to remove tariffs. The S&P500 is up 0.5% and at a record high. Global bond yields rose sharply, and the USD is slightly firmer.

Sentiment weakened slightly after reports the US-China trade deal signing could be delayed. The S&P500 is down 0.2%, and US bond yields and risky currencies are slightly lower.

US equities stalled near record highs, the S&P500 currently unchanged on the day. US bond yields extended higher, helping lift the USD.

US equity indices made fresh record highs, the S&P500 currently up 0.5%, supported by optimism on US-China trade developments and US company earnings. US bond yields also rose, although all major currencies fell vs the USD.