Equities stalled as company earnings disappointed, the S&P500 down 0.1%. Bond yields fell slightly, weighing on the US dollar. The BoE hiked by 50bp but the GBP fell in response.

Solid US economic data and company earnings helped lift equities, the S&P500 up 1.6%. Bond yields and risk-sensitive currencies rose slightly.

Currency markets were defensive amid news of US officials visiting Taiwan, and the S&P500 is down 0.2%. Bond rose, though, after hawkish Fed comments.

A slightly risk-averse tone permeated most asset classes, Fed tightening and recession concerns the recurring themes. The S&P500 is down 0.6%, and longer bond yields are lower, but the defensive USD is also lower.

Stronger US inflation indicators initially helped the US dollar, but upbeat sentiment in equity markets (S&P500 +1.4%) reversed the move.

Disappointing US GDP data helped push bond yields lower, which encouraged equity markets (S&P500 +1.2%). The US dollar is slightly lower.

The Fed hiked by 75bp as expected, but signalled a slowdown in tightening pace. That lifted US equities (S&P500 +2.7%) and depressed the US dollar and bond yields.

US equity markets adopted a more risk averse posture ahead of tomorrow’s Fed decision, Walmart’s guidance reinforcing the mood. The S&P500 is down 1.2%, and the defensive US dollar is higher.

Markets appeared to be in waiting mode, with the Fed decision and key US data released later this week. The S&P500 is up 0.1%, bond yields are slightly higher following hawkish ECB comments, and the US dollar is slightly lower.

Global PMI data disappointed, weighing on sentiment. The S&P500 closed down 0.9% and bond yields fell. Currencies were mixed.