Finance Am

US bond yields and the US dollar rose despite disappointing US economic data, hawkish Fedspeak contributing. That weighed on the AUD and NZD. US equities were little changed, the S&P500 up 0.1%.

Central banks in the UK, Norway and Eurozone tightened policy stances, which helped weaken the US dollar. The S&P500 is down 0.5%, while US bond yields fell in divergence with European yields.

The US Federal Reserve delivered a moderate hawkish surprise to markets, projecting more rate hikes than were expected. The S&P500 shrugged off the result and is currently up 0.2%, while the US dollar and bond yields are slightly higher.

US equities were again weaker, the S&P500 down 1.2%. A strong US producer inflation report reinforced concerns the Fed will deliver a hawkish outcome tomorrow. The US dollar and bond yields are slightly firmer.

US equities were weaker, the S&P500 down 0.7%, ahead of a key central bank meeting this week. The defensive US dollar is slightly firmer, and bond yields are lower.

Equity markets remained stalled amid a continuing digestion of omicron news. The S&P500 is currently down 0.2%, bond yields are lower, and the defensive US dollar is higher.

Equity markets stalled following a three-day rally, the S&P500 currently up 0.1%. Bond yields continued to rise, and the defensive US dollar fell.

Equity markets remained in risk-seeking mode, as concerns about omicron receded. The S&P500 is currently up 2.1%, bond yields and commodity prices are higher, and risk-sensitive currencies outperformed.

The equity market mood flipped to risk-seeking, the S&P500 currently up 1.5%. Bond yields are slightly higher, while currencies were mixed. There was little news to drive markets, apart from a monetary policy easing in China.

A risk-averse mood prevailed, amid omicron concerns and a mixed US jobs report. The S&P500 fell (-0.8%), as did bond yields and risk-sensitive currencies.

US equities rose, as dip-buyers again emerged. The S&P500 is up 1.5%, and bond yields are slightly higher, while the AUD and NZD are little changed.

US equities partly recovered, buyers taking advantage of recent cheapening. The S&P500 is up 0.4%, although that sentiment didn’t ripple to currencies or bonds.

Fed Chair Powell surprised markets by signalling faster tapering. The S&P500 fell 1.6% and short-maturity bond yields rose. Risk-sensitive currencies and commodities fell.

Markets appeared calmer about the implications of the new Omicron variant. The S&P500 rose 1.6%, and the US dollar and bond yields consolidated above recent lows.

During a holiday-thinned trading session, markets flipped to risk-averse mode following news of a new Covid variant – Omicron. The S&P500 fell 2.3%, and bond yields and the US dollar are lower.

In a quiet session, given the US holiday, AUD and NZD probed slightly lower. The Eurostoxx50 closed up 0.4%. Sweden’s central bank kept its policy rate unchanged.

A solid set of US economic data boosted the US dollar and interest rates. The S&P500 is up 0.1% on the day.

The risk-averse mood in equity markets extended to a second day, the S&P500 currently down by 0.3%. Bond yields rose slightly further, while the US dollar is little changed.

The US dollar and bond yields rose after Fed Chair Powell was renominated for the role. The S&P500 is currently up 0.5% on the day.

Sentiment weakened amid fresh pandemic-related restrictions in Europe. The S&P500 closed down 0.1% on the day, and risk-sensitive currencies and bond yields fell. Some hawkish Fedspeak partly reversed the latter.