There was little major news to drive global markets, leaving US equities little changed, while interest rates drifted higher. The GBP outperformed after chances of a no-deal Brexit receded further.

US jobs data was slightly disappointing, pushing US interest rates and the US dollar slightly lower. US equities closed little changed, following modest gains in Asian and European equities.

Yesterday afternoon’s announcement that the US and China had agreed to trade talks next month boosted equities further overnight, the S&P500 currently up 1.3% and at a one-month high. US data was also upbeat, lifting Interest rates, while the USD is slightly lower.

Sentiment rebounded as geopolitical risks appeared to fade. The S&P500 is up 1.0% and the US dollar is lower. Overnight developments included a vote against a no-deal Brexit, withdrawal of Hong Kong’s extradition bill, and formation of an Italian government.

A weak update on US manufacturing activity caused US equities, interest rates and the USD to fall.

US markets were mostly closed for the Labour Day holiday, although S&P500 futures did trade and are down 0.8%, while the US dollar is slightly firmer. China and the US are reportedly struggling to agree on a September meeting on trade, and UK PM Johnson threatened a general election.

US equities closed little changed on Friday, interest rates are slightly lower, and the US dollar is stronger. There was little major news flow to drive markets.

Sentiment improved with news from the trade war front. China indicated it won’t immediately retaliate against US tariff increases, and Pres. Trump said a talk was scheduled today. The S&P500 is up 1.3% and US interest rates are higher.

Sentiment was mixed in the absence of major market-moving news, the S&P500 up 0.7%, the US dollar slightly firmer and bond yields little changed. The GBP fell after the PM suspended Parliament.

Markets were in a holding pattern overnight, awaiting the next development in the US-China trade war. The S&P500 is down 0.1%, the US dollar is little changed, and US interest rates are slightly lower.