US jobs data was stronger than expected, boosting US bond yields and the US dollar, but sending US equities lower. The S&P500 fell 2.1% - the largest one-day fall since 2016.

US jobs data was stronger than expected, boosting US bond yields and the US dollar, but sending US equities lower. The S&P500 fell 2.1% - the largest one-day fall since 2016.

US bonds yields extended slightly higher in the wake of yesterday’s slightly hawkish shift in Fed language, plus solid economic data. The US dollar, however, remained downtrodden.

US bonds yields extended slightly higher in the wake of yesterday’s slightly hawkish shift in Fed language, plus solid economic data. The US dollar, however, remained downtrodden.

US bonds yields rose ahead of, and following, the FOMC. The Fed slightly upgraded its language on growth and inflation.

US bonds yields rose ahead of, and following, the FOMC. The Fed slightly upgraded its language on growth and inflation.

US equities fell sharply, the S&P500 down 1.1%. Healthcare sector stocks suffered after reports Amazon, Berkshire Hathaway, and J P Morgan would collaborate to provide cheaper healthcare to staff. Currency and interest rate markets were unruffled.

Finance AM : 30 January 2018 by Westpac Bank

Finance AM : 30 January 2018 by Westpac Bank

Finance : AM 29 January 2018 by Westpac Bank