Bond yields fell slightly amid some dovish comments from ECB officials. The US dollar was slightly firmer.

US bond yields rose following data showing stronger personal spending, helping the US dollar recover early session losses. Equities were little changed.

The US dollar rose slightly and bond yields fell slightly, while the S&P500 rose 0.1% to a fresh record high. The ECB held steady, and US GDP data showed solid growth and muted inflation.

Market sentiment was buoyant, helped by easing from China’s central bank and stronger US PMI data. The S&P500 is up 0.4% to a record high, the defensive US dollar is lower, and bond yields are higher.

The US dollar and bond yields rose during a session with little major news flow. The S&P500 nudged 0.1% higher to a fresh record high.

Equity markets remained upbeat, the S&P500 up 0.2% to a fresh record high. Despite that, AUD and NZD fell slightly, as did bond yields.

Upbeat sentiment in equities markets saw the S&P500 rise 1.2% to a record high. That, and surveyed inflation expectations receding, depressed the US dollar slightly, while bond yields were mixed.

Bond yields and the US dollar fell after Fed chair Powell’s comments which were less hawkish than expected. Also contributing to the moves were softer than expected US ISM manufacturing data and dovish ECB-speak. The S&P500 rose 0.6%.

Bond yields rebounded and the US dollar rose, despite PCE inflation declining as expected. Markets are looking ahead to Fed chair Powell’s comments tonight.

Bond yields fell slightly further, helped by softer German inflation data, while the US dollar rose slightly amid mixed Fedspeak and US data.