Sentiment deteriorated further after China retaliated with its own tariffs on US imports. The S&P500 is currently down 2.5%, and bond yields and risky currencies are lower.

Sentiment was mixed after the US increased in trade tariffs on China but negotiations did not break down. The S&P500 closed up 0.4% after spending the first half of the session in the red, and US bond yields and the US dollar closed little changed.

Sentiment remained sour approaching the Friday deadline for US-China trade tariff increases. The S&P500 is currently down 0.3% (was -1.5% earlier), and US bond yields and the US dollar are slightly weaker.

Sentiment improved slightly amid news that Chinese officials are arriving in the US for trade talks. The S&P500 is up 0.3%, and US bond yields and the US dollar are slightly higher.

The threat of increased US trade tariffs on China on Friday continued to worry investors, US and European equities falling sharply overnight. The S&P500 is down 2.0%, Eurostoxx 50 closed down 1.8%, bond yields are lower, and the US dollar is slightly higher.

The S&P500 opened 1.6% lower in response to Pres. Trump’s weekend tweets threatening increased trade tariffs on China, but later pared losses to -0.4% currently.

The eagerly awaited US jobs report was a mixed bag – strong employment growth but slightly disappointing wage growth. US bond yields and the US dollar fell in response, while US equities rose (S&P500 +1.0%). Markets open this morning reacting to risk-negative news of weekend North Korean missile tests and US-China tariff increase threats.

US equities fell again - the S&P500 down 0.4% - and bond yields and the US dollar rose, as the previous day’s firmly neutral stance from the Fed resonated further.

Markets did not get hints of possible rate cuts from the Fed, causing US bond yields and the US dollar to rise in response. US equities initially made record highs but retreated after the Fed, the S&P500 currently down 0.6%.

Eurozone economic data overnight outshone the US data, depressing the US dollar and US bond yields. US equities were little changed, the S&P500 remaining near the record high.