Markets adopted a more positive stance towards US equities overnight, the S&P500 up 1.5%. The US dollar fell, while commodities are mostly higher. There was no obvious news catalyst, apart from Kudlow’s repeated soothing comments on trade issues.

Markets adopted a more positive stance towards US equities overnight, the S&P500 up 1.5%. The US dollar fell, while commodities are mostly higher. There was no obvious news catalyst, apart from Kudlow’s repeated soothing comments on trade issues.

Market concern about a potential trade war resurfaced in response to President Trump’s proposal to further increase tariffs on imports from China. The S&P500 closed down 2.2%, while the US dollar and bond yields fell after disappointing jobs data.

Market concern about a potential trade war resurfaced in response to President Trump’s proposal to further increase tariffs on imports from China. The S&P500 closed down 2.2%, while the US dollar and bond yields fell after disappointing jobs data.

Market concern about a potential trade war resurfaced in response to President Trump’s proposal to further increase tariffs on imports from China. The S&P500 closed down 2.2%, while the US dollar and bond yields fell after disappointing jobs data.

Markets extended the risk-seeking tone of the previous two days. US equities rose (S&P500 + 1.0%), as did US bond yields and the US dollar. Markets concerns about global trade frictions appear to be diminishing.

Markets extended the risk-seeking tone of the previous two days. US equities rose (S&P500 + 1.0%), as did US bond yields and the US dollar. Markets concerns about global trade frictions appear to be diminishing.

Markets adopted a cautiously positive assessment of US-China trade-related headlines overnight. US equities recovered further, the S&P500 currently up 0.7%, Nasdaq +1.3%. Bond yields are slightly higher, while the US dollar is slightly lower.

Markets adopted a cautiously positive assessment of US-China trade-related headlines overnight. US equities recovered further, the S&P500 currently up 0.7%, Nasdaq +1.3%. Bond yields are slightly higher, while the US dollar is slightly lower.

Markets adopted a cautiously positive assessment of US-China trade-related headlines overnight. US equities recovered further, the S&P500 currently up 0.7%, Nasdaq +1.3%. Bond yields are slightly higher, while the US dollar is slightly lower.