The US dollar rose sharply overnight, reflecting a recent rise in yield spreads as well as cautious risk sentiment. Bond yields recovered for little net change, and the S&P500 is up 0.6%. Metals fell on the China power crunch.

US and European equities fell sharply as bond yields rose further. Fresh concerns included the risk of stagflation and the US debt ceiling. The S&P500 is down 1.5%, and the safe-haven US dollar is higher.

US equities were capped by further gains in bond yields, the S&P500 down 0.1%. Currencies were mixed, the US dollar unchanged.

US equities remained upbeat, despite China’s curbs on cryptocurrencies and recent hawkish shifts by global central banks. The S&P500 closed up 0.2%, and bond yields rose, although so too did the defensive US dollar.

Sentiment was upbeat, despite hawkish tilts by central banks. The S&P500 is up 1.2%, and bond yields and risk-sensitive currencies had solid gains. Norway’s central bank hiked, while the BoE worried about inflation

US equities largely preserved early gains following the Fed’s policy decision, the S&P500 up 1.0%. Short maturity bond yields and the US dollar rose slightly in response to the statement, which indicated rate hikes could start late 2022. Indications of a tapering announcement at the next meeting were as expected.

US equities steadied following the previous day’s sharp fall, the S&P500 up 0.3%, with little fresh news to drive markets. Bond yields were rangebound, while currencies were mixed.

US equities plunged overnight, the S&P500 at one pint down 2.7% to a two-month low. Apart from lingering concerns about pandemic affected growth and Fed tapering, worries about contagion from a large and distressed Chinese property developer intensified. Bond yields also fell, while risk-sensitive currencies consolidated recent falls.

US equity sentiment was weak, the S&P500 closing down 0.9%. Familiar themes were cited: pandemic affected growth, Fed tapering, and tax increases. Risk sensitive currencies followed suit, while bond yields rose.

Bond yields and the US dollar rose following strong US retail sales data. The S&P500 is down 0.2% after paring deeper losses.