Upbeat sentiment was evident in the equity markets. The S&P500 is up 0.5% to a six-month high, and the NASDAQ 100 made a fresh record high. The US dollar fell, allowing AUD/USD and NZD/USD to rise. As we write, headlines are breaking of an amicable trade solution between Trump and EU negotiator Juncker.

Upbeat sentiment was evident in the equity markets. The S&P500 is up 0.5% to a six-month high, and the NASDAQ 100 made a fresh record high. The US dollar fell, allowing AUD/USD and NZD/USD to rise. As we write, headlines are breaking of an amicable trade solution between Trump and EU negotiator Juncker.

Equity markets were volatile but bond yields and the US dollar were little changed. US equities opened sharply higher, helped by strong company earnings, but later pared gains, the S&P500 up 0.4%, and the NASDAQ 100 up 0.4% after making a record high.

Equity markets were volatile but bond yields and the US dollar were little changed. US equities opened sharply higher, helped by strong company earnings, but later pared gains, the S&P500 up 0.4%, and the NASDAQ 100 up 0.4% after making a record high.

Global bond yields rose amid elevated expectations of this week’s US GDP data, as well as speculation Japan’s central bank is considering tightening. FX, commodity and equity markets were relatively contained.

Global bond yields rose amid elevated expectations of this week’s US GDP data, as well as speculation Japan’s central bank is considering tightening. FX, commodity and equity markets were relatively contained.

US President Trump launched fresh salvos in the US-China trade war and again criticised the Fed, and the G20 summit highlighted trade tensions. The US dollar fell and US bond yields rose.

US President Trump launched fresh salvos in the US-China trade war and again criticised the Fed, and the G20 summit highlighted trade tensions. The US dollar fell and US bond yields rose.

A slightly risk averse tone and Trump’s comments about the Fed were the main features of the overnight session. The S&P500 is down 0.4% and US bond yields are slightly lower, while the US dollar rose and fell.

A slightly risk averse tone and Trump’s comments about the Fed were the main features of the overnight session. The S&P500 is down 0.4% and US bond yields are slightly lower, while the US dollar rose and fell.