There were further modest gains in US equities (S&P500 +0.6%) and US bond yields, although most major currencies slightly underperformed the USD. News drivers were thin, although the extension of the US-China trade talks into a third day attracted some attention.

Sentiment remained downbeat, the S&P500 down 1.5% to a fresh 15-month low. Brent crude oil fell 4% to $55 – also a 15-month low. The US dollar is lower, while bond yields stabilised. A vote on stop-gap US government funding looms, and the US Justice Department accused Chinese officials of espionage.

Sentiment remained downbeat, the S&P500 down 1.5% to a fresh 15-month low. Brent crude oil fell 4% to $55 – also a 15-month low. The US dollar is lower, while bond yields stabilised. A vote on stop-gap US government funding looms, and the US Justice Department accused Chinese officials of espionage.

Sentiment remained downbeat, the S&P500 down 1.5% to a fresh 15-month low. Brent crude oil fell 4% to $55 – also a 15-month low. The US dollar is lower, while bond yields stabilised. A vote on stop-gap US government funding looms, and the US Justice Department accused Chinese officials of espionage.

The US Federal Reserve hiked by 25bp, as was widely expected, but reduced its projection for 2019 to two more hikes (from three). US equities reversed an earlier 1% gain in response (S&P500 currently unchanged on the day), while bond yields are little changed, and the US dollar is slightly weaker.

The US Federal Reserve hiked by 25bp, as was widely expected, but reduced its projection for 2019 to two more hikes (from three). US equities reversed an earlier 1% gain in response (S&P500 currently unchanged on the day), while bond yields are little changed, and the US dollar is slightly weaker.

The US Federal Reserve hiked by 25bp, as was widely expected, but reduced its projection for 2019 to two more hikes (from three). US equities reversed an earlier 1% gain in response (S&P500 currently unchanged on the day), while bond yields are little changed, and the US dollar is slightly weaker.

US equities staged a moderate rebound, the S&P500 up 0.5%. Brent crude oil fell 3.8% to $57 – the lowest since October 2017. US bond yields and the US dollar fell.

US equities staged a moderate rebound, the S&P500 up 0.5%. Brent crude oil fell 3.8% to $57 – the lowest since October 2017. US bond yields and the US dollar fell.

US equities staged a moderate rebound, the S&P500 up 0.5%. Brent crude oil fell 3.8% to $57 – the lowest since October 2017. US bond yields and the US dollar fell.