The yo-yo pattern in risk sentiment continued, with US equities rising overnight amid little fresh news. The S&P500 is up 0.7%, the US dollar remained elevated, and US bond yields bounced slightly.

The yo-yo pattern in risk sentiment continued, with US equities rising overnight amid little fresh news. The S&P500 is up 0.7%, the US dollar remained elevated, and US bond yields bounced slightly.

US equity markets were weaker overnight, as sentiment regarding the US-China trade war soured. The S&P500 is down 0.7%, the “safe-haven” US dollar is higher, and US bond yields are lower.

US equity markets were weaker overnight, as sentiment regarding the US-China trade war soured. The S&P500 is down 0.7%, the “safe-haven” US dollar is higher, and US bond yields are lower.

US equity markets were calmer in the absence of trade war headlines, the S&P500 up 0.5%. The US dollar is also firmer, and oil prices are higher, while US interest rates were fairly stable.

US equity markets were calmer in the absence of trade war headlines, the S&P500 up 0.5%. The US dollar is also firmer, and oil prices are higher, while US interest rates were fairly stable.

Global equity markets reeled as the US-China trade war deepened. Chinese President Xi was reported as saying it will “punch back”. The S&P500 is down 2.0% to a one-month low; commodities, the US dollar, and US bond yields are also lower.

Global equity markets reeled as the US-China trade war deepened. Chinese President Xi was reported as saying it will “punch back”. The S&P500 is down 2.0% to a one-month low; commodities, the US dollar, and US bond yields are also lower.

Oil prices jumped 4% after an OPEC agreement to raise output less than feared. That appeared to help commodity currencies AUD and NZD outperform. US equities firmed slightly, while bond yields were fairly stable.

Oil prices jumped 4% after an OPEC agreement to raise output less than feared. That appeared to help commodity currencies AUD and NZD outperform. US equities firmed slightly, while bond yields were fairly stable.