US equities were little changed overnight, Fed officials continuing to emphasize that rising inflation will be temporary. Bond yields fell, and the US dollar is lower.

US equities started the week in an upbeat mood, the S&P500 currently up 1.0%, led by technology stocks. The defensive US dollar fell, while bond yields remained subdued.

US equities shed early gains to close little changed, the S&P500 -0.1%. The US dollar bounced off a multi-month low, while bond yields were fairly stable.

A more upbeat session saw US and European equities recover, the S&P500 currently up 1.3%, and the defensive US dollar fall. However, commodities and bond yields fell.

The recent equities decline accelerated - the S&P500 down 0.9% - and commodities fell. The US dollar rose against all the majors, bond yields rose. Markets may have been ruffled initially by the recent plunge in cryptocurrencies, and then by the FOMC minutes which indicated that some members expected tapering discussions at upcoming meetings.

Equities sagged slightly further, the S&P500 down 0.5%. The US dollar fell against all the majors, while bond yields were rangebound. There was little news to drive markets.

There was no common theme in markets overnight, with equities slightly lower (S&P500 -0.3%), bond yields and commodities slightly higher, and the US dollar slightly lower.

Sentiment was mostly upbeat, as inflations concerns appear to have been fully priced. US equities rose (the S&P500 up 1.5%) and the US dollar fell. Bond yields also fell though, partly due to some US economic data disappointments.

US equities rebounded after a three-day decline, the S&P500 up 1.4%. Bond yields fell slightly, and the AUD and NZD stabilised. There were no major news catalysts.

Surprisingly strong US inflation data boosted bond yields and the US dollar, and sent equities tumbling. The S&P500 is currently down 2.1%, back at early April levels.