Stronger US jobs data helped lift US equities (S&P500 up 0.5%) and the US dollar. Bond markets instead focussed on the less impressive wage gains and fell slightly.

US equities stalled at year highs, US bond yields ranged sideways, and the US dollar rose ahead of tonight’s key US jobs data.

US equities stalled at year highs, US bond yields ranged sideways, and the US dollar rose ahead of tonight’s key US jobs data.

US equities extended the 2019 rally to a fresh high, the S&P500 currently up 0.2% on the day and 23% since late December. Supportive news included economic adviser Kudlow’s assessment the US-China trade talks had made “good headway”. US bond yields are slightly higher, while the US dollar is lower.

US equities extended the 2019 rally to a fresh high, the S&P500 currently up 0.2% on the day and 23% since late December. Supportive news included economic adviser Kudlow’s assessment the US-China trade talks had made “good headway”. US bond yields are slightly higher, while the US dollar is lower.

The US dollar slightly extended a two-week rally, putting downward pressure on AUD/USD and NZD/USD. US equities and bond yields were stable.

The US dollar slightly extended a two-week rally, putting downward pressure on AUD/USD and NZD/USD. US equities and bond yields were stable.

Sentiment remained upbeat, helped by solid US manufacturing data, as well as the recent bounce in Chinese manufacturing data – both relevant to market concerns about global growth trends. The S&P500 is up 1.1% and US bond yields are higher. Defensive currencies underperformed.

Sentiment remained upbeat, helped by solid US manufacturing data, as well as the recent bounce in Chinese manufacturing data – both relevant to market concerns about global growth trends. The S&P500 is up 1.1% and US bond yields are higher. Defensive currencies underperformed.

US equities closed Friday higher, the S&P500 up 0.7%, amid hopes for a US-China trade deal, mixed US data, and a Brexit vote rejection. US bond yields and the US dollar closed slightly higher.