There were only modest movements in most asset classes overnight, the news flow light. US equities nudged higher (S&P500 up 0.2%), US bond yields ranged, and major currencies round-tripped.

There were only modest movements in most asset classes overnight, the news flow light. US equities nudged higher (S&P500 up 0.2%), US bond yields ranged, and major currencies round-tripped.

US equities rose, led by the technology sector – the NASDAQ index up 0.6% to a fresh record high. The US dollar and short-term bond yields also rose before and after Fed Chair Powell’s upbeat testimony.

US equities rose, led by the technology sector – the NASDAQ index up 0.6% to a fresh record high. The US dollar and short-term bond yields also rose before and after Fed Chair Powell’s upbeat testimony.

Minor movements only in the fx, bond and equity markets: US equities and the US dollar are slightly lower, while US bond yields are higher following solid retail sales data. Oil fell 4% on Saudi Arabian supply.

Minor movements only in the fx, bond and equity markets: US equities and the US dollar are slightly lower, while US bond yields are higher following solid retail sales data. Oil fell 4% on Saudi Arabian supply.

With no major news to drive sentiment, US equity markets closed slightly firmer, the S&P500 up 0.1% at a five-month high. The USD reversed lower, and US bond yields fell, only partly in response to a slip in US consumer sentiment and inflation expectations.

With no major news to drive sentiment, US equity markets closed slightly firmer, the S&P500 up 0.1% at a five-month high. The USD reversed lower, and US bond yields fell, only partly in response to a slip in US consumer sentiment and inflation expectations.

Sentiment rebounded in the absence of fresh US-China trade war headlines. Equities rose, with the S&P500 up 0.7%. The US dollar and bond yields were mixed, US CPI data slightly disappointing.

Sentiment rebounded in the absence of fresh US-China trade war headlines. Equities rose, with the S&P500 up 0.7%. The US dollar and bond yields were mixed, US CPI data slightly disappointing.