US equities rose (S&P500 +0.8%) amid a continuing stream of strong company earnings reports, supporting the AUD and NZD. Bond yields remained near multi-month lows, though.

US bond yields fell after a disappointing manufacturing survey added to concerns that Covid variants could slow growth. Equities pared gains to be little changed (S&P500 -0.1%), while currencies were mixed.

A risk-averse session saw the S&P500 down 0.5% on the day, investors concerned about cautious revenue forecasts form large technology companies such as Amazon, Apple and Facebook. Bond yields fell and the defensive US dollar rose.

Sentiment was upbeat on expectations the Fed may be slow to tighten, with disappointing US economic data overnight supporting the case. The S&P500 is up 0.5% to a record high, bond yields and commodities are higher, and the US dollar is lower.

Markets were slightly ruffled by the FOMC, which indicated continuing economic improvement but offered no explicit tapering signal. The S&P500 is up 0.1%, and bond yields and the US dollar are slightly lower.

US equity markets reversed lower, amid concerns of possible contagion from China’s falling stock market. The S&P500 is down 0.5%, and bond yields are lower, while currencies were mixed with risk-sensitive currencies generally underperforming.

US equity markets nudged higher, the S&P500 up 0.1% to a fresh record high, supported by strong corporate earnings. Bond yields rebounded, and the US dollar fell.

US equity markets rose, the S&P500 up 1.0% to a fresh record high, helped by strong corporate earnings (87% of reports by S&P500 companies have beaten estimates). Bond yields and currencies were little changed, though.

Equity markets and commodities rose further, the S&P500 currently up 0.2%. Bond yields are slightly lower, though, following a dovish ECB statement. Currencies were mixed, the AUD and NZD slightly firmer.

The risk-seeking mood continued, helped by corporate earnings reports. The S&P500 is currently up 0.7%, and commodities, bond yields, and risk-sensitive currencies are higher.