Most markets were contained overnight. The S&P500 is up 0.2% to a three-month high, and US bond yields and the US dollar are slightly lower. Reports that the ECB may discuss QE exit plans at the June meeting sent the EUR higher

Most markets were contained overnight. The S&P500 is up 0.2% to a three-month high, and US bond yields and the US dollar are slightly lower. Reports that the ECB may discuss QE exit plans at the June meeting sent the EUR higher

Markets remained upbeat in the wake of Friday’s solid US payrolls report. The S&P500 is up 0.5% and at a 2 ½ month high, while the Russell 2000 (smaller companies index) made a record high. US bond yields are higher, while the USD is slightly lower.

Markets remained upbeat in the wake of Friday’s solid US payrolls report. The S&P500 is up 0.5% and at a 2 ½ month high, while the Russell 2000 (smaller companies index) made a record high. US bond yields are higher, while the USD is slightly lower.

The market’s mood soured after the US said steel tariffs on Canada, Mexico and the EU will start from today. Canada and Mexico responded with their own tariffs, raising fears of a global trade war. The S&P500 is down 0.6%, and US bond yields and the US dollar are lower.

The market’s mood soured after the US said steel tariffs on Canada, Mexico and the EU will start from today. Canada and Mexico responded with their own tariffs, raising fears of a global trade war. The S&P500 is down 0.6%, and US bond yields and the US dollar are lower.

Risk-seeking returned to markets overnight after the previous day’s Italian bond crash was deemed overdone. The S&P500 is up 1.4%, and US bond yields and the US dollar are higher.

Risk-seeking returned to markets overnight after the previous day’s Italian bond crash was deemed overdone. The S&P500 is up 1.4%, and US bond yields and the US dollar are higher.

Market concern about the Italian government’s uncertain future and the potential impact on the Eurozone intensified into near panic, 2yr Italian bond yields jumping 190bp to levels last seen in 2012. Risk aversion took hold in global markets, US bond yields and equities lower and the “safe-haven” USD higher.

Market concern about the Italian government’s uncertain future and the potential impact on the Eurozone intensified into near panic, 2yr Italian bond yields jumping 190bp to levels last seen in 2012. Risk aversion took hold in global markets, US bond yields and equities lower and the “safe-haven” USD higher.