Fx and bond markets adopted a slightly risk averse posture amid the ongoing US-China trade war plus US disputes with Russia and Turkey. Equities were resilient, helped by solid tech company earnings.

The recent rally in US equities stalled and oil prices fell amid China’s announcement overnight that $16bn of import tariffs on US goods will take effect from 23 August. The US dollar was volatile and is slightly lower overall, while bond yields are little changed.

The recent rally in US equities stalled and oil prices fell amid China’s announcement overnight that $16bn of import tariffs on US goods will take effect from 23 August. The US dollar was volatile and is slightly lower overall, while bond yields are little changed.

The recent rally in US equities stalled and oil prices fell amid China’s announcement overnight that $16bn of import tariffs on US goods will take effect from 23 August. The US dollar was volatile and is slightly lower overall, while bond yields are little changed.

Sentiment was upbeat, boosting the S&P500 0.4% to a six-month high, and pushing bond yields higher and the US dollar lower. A rebound in Chinese equities and measures to stem yuan weakness were some of the factors at play.

Sentiment was upbeat, boosting the S&P500 0.4% to a six-month high, and pushing bond yields higher and the US dollar lower. A rebound in Chinese equities and measures to stem yuan weakness were some of the factors at play.

Sentiment was upbeat, boosting the S&P500 0.4% to a six-month high, and pushing bond yields higher and the US dollar lower. A rebound in Chinese equities and measures to stem yuan weakness were some of the factors at play.

Mixed and moderate performances among asset classes, with US equities higher S&P500 +0.4%), US bond yields lower, and the USD higher. There was little fresh news to drive markets.

Mixed and moderate performances among asset classes, with US equities higher S&P500 +0.4%), US bond yields lower, and the USD higher. There was little fresh news to drive markets.

US jobs data was disappointing at headline level but the details were mostly positive. US bond yields fell, but the US dollar was little changed, and US equities closed higher - the S&P500 up 0.5%.