A risk-averse tone prevailed as US markets reopened after Monday’s holiday. The S&P500 is down 0.3%, the US dollar is stronger, and bond yields are lower.

Markets were fairly stable during the US holiday. The Eurostoxx 50 closed up 0.4%, while the US dollar and bond yields were steady.

US equities jumped higher, the S&P500 up 0.8% to a fresh record high. Bond yields fell, as did the US dollar. The eagerly awaited US jobs report, while superficially strong, was mixed in the detail, tempering market bets on Fed tapering.

US equities rose further, the S&P500 up 0.5% to a fresh record high. Bond yields were little changed, though, and currencies fell vs the US dollar. Market are anticipating a strong US jobs report tonight.

Markets were mixed at quarter-end. The US dollar extended recent gains and bond yields fell, indicating a slightly risk-averse tone in these asset classes. Commodities and equities, though, remained elevated, the S&P500 up 0.2% to a record high.

Risk-sensitive currencies remained on the back foot, while bond yields and equities were little changed (although the S&P500 did initially make a record high). Month-end rebalancing and the spread of new Covid variants were some of the factors for markets to digest.

Sentiment in equity markets remained elevated, the S&P500 rising 0.2% to a fresh record high. However, bond yields fell, as did risk-sensitive currencies. Month-end rebalancing and US airstrikes in Syria and Iraq may have been factors.

Sentiment remained upbeat, the S&P500 rising 0.3% to a fresh record high. Bond yields also rose, while currencies closed little changed. US economic data was mixed.

Sentiment remained upbeat as a US infrastructure spending plan was agreed, the S&P500 rising 0.6% to a record high. The AUD and NZD are slightly higher, while bond yields are little changed.

The tone was modestly upbeat but moves were minor. The S&P500 is unchanged near the all-time high, while bond yields are slightly higher. Currencies were mixed, with risk-sensitive currencies slightly outperforming.