The Fed hike and statement were largely as expected. Bond yields are slightly lower, after reacting to the removal of the “accommodative” sentence, but fx markets are broadly unchanged. The S&P500 is down 0.4%.

US bond yields extended multi-week gains in anticipation of the Fed interest rate decision which is out tomorrow. Equities and currencies were fairly stable.

US bond yields extended multi-week gains in anticipation of the Fed interest rate decision which is out tomorrow. Equities and currencies were fairly stable.

US equities were in a cautious mood following China’s abandonment of trade talks with the US, the S&P500 down 0.3%. Brent crude oil is up 3.3% after OPEC indicated less urgency to boost output. US bond yields were stable while currencies were mixed.

US equities were in a cautious mood following China’s abandonment of trade talks with the US, the S&P500 down 0.3%. Brent crude oil is up 3.3% after OPEC indicated less urgency to boost output. US bond yields were stable while currencies were mixed.

US equities were in a cautious mood following China’s abandonment of trade talks with the US, the S&P500 down 0.3%. Brent crude oil is up 3.3% after OPEC indicated less urgency to boost output. US bond yields were stable while currencies were mixed.

Equity markets were buffeted by quarter-end rebalancing, the S&P500 initially making a fresh record high but closing unchanged. Commodities were mostly higher, copper up 4.2%. Among currencies, GBP fell sharply after PM May flagged the possibility of an unfriendly Brexit, and the US dollar rebounded.

Equity markets were buffeted by quarter-end rebalancing, the S&P500 initially making a fresh record high but closing unchanged. Commodities were mostly higher, copper up 4.2%. Among currencies, GBP fell sharply after PM May flagged the possibility of an unfriendly Brexit, and the US dollar rebounded.

Sentiment improved further, the S&P500 up 0.9% to a record high, bond yields higher and the US dollar lower. Reports that China was planning to reduce import tariffs helped the positive mood.

Sentiment improved further, the S&P500 up 0.9% to a record high, bond yields higher and the US dollar lower. Reports that China was planning to reduce import tariffs helped the positive mood.