Sentiment remained moderately upbeat across the asset classes. The S&P500 is up 0.2%, US bond yields rose, and commodity currencies AUD and NZD performed well. There was little fresh news for markets to digest.

Sentiment remained moderately upbeat across the asset classes. The S&P500 is up 0.2%, US bond yields rose, and commodity currencies AUD and NZD performed well. There was little fresh news for markets to digest.

Markets moved on from the latest US-China tariff escalation, adopting a more risk-positive tone overnight. The S&P500 is up 0.7%, US bond yields are higher, and the AUD and CAD currencies performed well.

Markets moved on from the latest US-China tariff escalation, adopting a more risk-positive tone overnight. The S&P500 is up 0.7%, US bond yields are higher, and the AUD and CAD currencies performed well.

US equity markets nervously awaited Pres. Trump’s announcement (scheduled for the NY market close) on the next wave of tariffs on China, the S&P500 down 0.6%. Currencies and bond yields were resilient, though, AUD and NZD making modest gains overnight.

US equity markets nervously awaited Pres. Trump’s announcement (scheduled for the NY market close) on the next wave of tariffs on China, the S&P500 down 0.6%. Currencies and bond yields were resilient, though, AUD and NZD making modest gains overnight.

The US dollar and US bond yields were firmer. US economic data was mixed but positive overall, and Pres. Trump reportedly is intending to proceed with $200bn of tariffs on Chinese imports. The S&P500 closed unchanged.

The US dollar and US bond yields were firmer. US economic data was mixed but positive overall, and Pres. Trump reportedly is intending to proceed with $200bn of tariffs on Chinese imports. The S&P500 closed unchanged.

The US dollar fell after a disappointing US CPI update, as did US bond yields. US equities remained upbeat, though, the S&P500 up 0.5%. The ECB and BoE remained on hold and kept guidance unchanged, while Turkey’s central bank hiked by 625bp.

The US dollar fell after a disappointing US CPI update, as did US bond yields. US equities remained upbeat, though, the S&P500 up 0.5%. The ECB and BoE remained on hold and kept guidance unchanged, while Turkey’s central bank hiked by 625bp.