Equity market sentiment remained defensive in the wake of a solid US jobs report, the S&P500 closing down 0.6%. Bond yields rose slightly, while the US dollar closed little changed.

Markets reversed the previous day’s dovish response to the Fed decision, as inflation concerns resurfaced. The S&P500 is down 4.1%, and bond yields and the US dollar are higher.

The Fed hiked by 50bp but Chair Powell was not as hawkish as equity markets had feared, the S&P500 up 3.0% in response. Bond yields and the USD fell as 75bp hikes were ruled out.

US equities halted a losing streak on the eve of the Fed decision, the S&P500 up 0.5%. Bond yields and the US dollar also paused.

US equities weakened further for most of the session amid concerns about higher interest rates and slower economic growth, the S&P500 making a fresh 12-month low before rebounding near the close to +0.5%. Bond yield rose ahead of this week’s key Fed meeting, despite disappointing manufacturing data. The US dollar rose.

US equities fell amid economic growth concerns, the S&P500 down 3.6% to a 12-month low. Bond yields rose, helped by stronger wage inflation data, while AUD and NZD underperformed.

US equities rose amid strong company earnings reports, the S&P500 up 2.5%. Bond yields rose, despite disappointing US GDP data, as did the US dollar to a 19-year high.

US equities stabilised, the S&P500 up 0.2%. Bond yields rose, as did the US dollar to a five-year high. There were few major news catalysts.

US equities extended April’s decline, the S&P500 down 1.0% to a six-week low as growth concerns continued to weigh and Russia cut gas supplies. Bond yields fell, and the defensive US dollar rose to a fresh two-year high.

European equities fell to a one-month low, while US equities have recovered from an initial slump, the S&P500 up 0.6%. Bond yields fell, and the defensive US dollar rose to a two-year high.