Risk sentiment remained elevated overnight, supported by expectations of further US trade deals as well as strong US GDP data. The S&P500 is up 0.6% to a fresh record high, US bond yields are slightly higher, and the USD currency is slightly lower. The AUD fell after news of a mortgage rate hike.

Risk sentiment remained elevated overnight, supported by expectations of further US trade deals as well as strong US GDP data. The S&P500 is up 0.6% to a fresh record high, US bond yields are slightly higher, and the USD currency is slightly lower. The AUD fell after news of a mortgage rate hike.

Finance AM 8-29 by Westpac Bank

Finance AM 8-29 by Westpac

Risk sentiment rose overnight, indicated by gains in equities in Asian, Europe and the US. The S&P500 (+0.8%) and Nasdaq made fresh record highs. The positive mood also pushed US bond yields higher and the US dollar lower. One catalyst was news of a trade deal between the US and Mexico.

Risk sentiment rose overnight, indicated by gains in equities in Asian, Europe and the US. The S&P500 (+0.8%) and Nasdaq made fresh record highs. The positive mood also pushed US bond yields higher and the US dollar lower. One catalyst was news of a trade deal between the US and Mexico.

An upbeat session on Friday saw the S&P500 gain 0.6% to a fresh record high and the AUD and NZD perform well, while US bond yields fell. Fed Chair Powell’s speech was more dovish than markets had expected.

An upbeat session on Friday saw the S&P500 gain 0.6% to a fresh record high and the AUD and NZD perform well, while US bond yields fell. Fed Chair Powell’s speech was more dovish than markets had expected.

Sentiment soured slightly, as US trade and political risks appeared to rise. The S&P500 is modestly lower (-0.1%), and the US dollar is higher.

Sentiment soured slightly, as US trade and political risks appeared to rise. The S&P500 is modestly lower (-0.1%), and the US dollar is higher.