Markets remained in consolidation mode ahead of Thursday’s US inflation report. The S&P500 is up 0.1%, near the all-time high, although bond yields are slightly lower, and the defensive US dollar is slightly higher.

Markets were mostly in consolidation mode in the wake of Friday’s US jobs data disappointment. The S&P500 is down 0.2% and bond yields are slightly higher, although the USD did slightly extend the recent decline.

Markets were soothed by disappointing US jobs data which dampened concerns the Fed may taper QE sooner than indicated. The S&P500 closed up 0.9% - near the record high, while bond yields and the USD fell sharply in response.

Markets were rattled by some strong US economic data, raising concerns the Fed may eventually tighten sooner than indicated. The S&P500 is down 0.4%, and bond yields and the USD are higher.

3June by Westpac Bank

US equities pared early gains following some mixed US economic data, the S&P500 up 0.1%. Bond yields also retraced, while currencies were mixed.

1 June by Westpac Bank

US equities remained elevated, helped by a supportive Biden budget as well as solid economic data. The S&P500 closed up 0.1%, although risk-sensitive currencies underperformed, and bond yields fell slightly amid month-end rebalancing.

Bond yields rose amid a solid batch of US economic updates and in anticipation of a large budget announcement. The S&P500 is up 0.2%, while most currencies were contained.

The US dollar rose sharply overnight, despite the absence of market-moving news. US equities and bond yields are little changed, though.