Finance AM

The US dollar fell slightly, while bond yields were little changed amid little major news for markets to digest. Markets await tonight's important US payrolls data release.

The US dollar and bond yields fell in response to softer data on the US services sector, partially retracing later following Fed Chair Powell's comments advocating caution regarding the easing cycle.

The US dollar fell slightly, as did short maturity bond yields. Fedspeak was slightly dovish. South Korea's declaration of martial law caused a brief bid for safe-haven assets.

The US dollar rose in the wake of the weekend's Trump comments on the US dollar's leading global role. Bond yields were mixed, amid solid US economic data.

The US dollar and bond yields fell, while equities rose. There was little economic data of note, and market concerns about Trump tariffs have abated.

The US dollar and bond yields fell, the S&P500 down 0.5%, amid a batch of US economic data which was mostly as expected. Month-end rebalancing and hawkish ECB-speak contributed to the moves.

The US dollar roundtripped for little net change, while bond yields rose modestly. US economic data was second-tier and mixed, while the FOMC minutes contained no major surprises.

Bond yields and the US dollar fell, and US equities rose, in response to the nomination of the US Treasury Secretary yesterday.

The US dollar rose to a two-year high, amid expectations the US economy will continue to outperform during the new Trump administration. Equities rose moderately, while bond yields were mixed but little changed.

Markets were initially affected by geopolitical jitters involving Ukraine, boosting safe haven instruments, but the moves faded to leave bond yields only slightly lower and the US dollar unchanged. The dollar bloc – CAD, AUD, and NZD, outperformed. Canada's CPI inflation was stronger than expected.

US equities rose, the S&P500 up 0.5%, amid little major data. The defensive US dollar fell, while bond yields ranged for little net change.

The S&P500 fell 1.3% as Trump election euphoria faded, bond yields were volatile but closed slightly lower, and the US dollar closed little changed. US economic data was slightly firmer than expected.

Bond yields fell, despite firmer producer price inflation and jobless data, while the US dollar was little changed.

The week ended with slightly further reaction to the US election, the S&P500 rising 0.4% to a fresh record high and short maturity bond yields and the US dollar rising.

Initial reactions to the US election were pared overnight, with bond yields and the US dollar lower. US equities had moderate gains, the S&P500 up 0.7% to a fresh record high. Central banks in the US, UK and Sweden eased, but remained on hold in Norway.

Yesterday's initial reactions to the US election results extended slightly overnight. The US dollar and bond yields are slightly higher, while the S&P500 is up 2.3% to a record high.

Ahead of the US election, a risk-positive mood prevailed, with bond yields and equities rising, and the US dollar falling. Stronger US services data contributed to higher bond yields.

There was little major news for markets which remained volatile ahead of US election results. The US dollar saw little net change overnight, while the AUD and NZD fell slightly.

Bond yields and the US dollar initially plunged in response to US jobs data, which was weaker than expected, but later retraced those reactions.

011124 by Westpac Bank

Bond yields are slightly higher following solid US economic data, while the US dollar is slightly lower following Eurozone data which was stronger than expected.

Bond yields were volatile but overall little changed amid mixed US economic data. The US dollar is modestly higher.

Bond yields were volatile but overall rose slightly, while the US dollar is little changed. Risk sentiment was moderately positive.

Bond yields and the US dollar rose amid little major news, against a backdrop of US election risks and markets pricing a slower Fed easing cycle. Equities fell, the S&P500 down 1.3%. The Bank of Canada cut its rate by 50bp, as was widely expected.

Markets saw only minor movements amid little major news. The US dollar is slightly higher.

Global bond yields rose as market pricing for central bank easing was pared further. The US dollar also rose.

Bond yields and the US dollar fell, while the main US equity indices made fresh record highs.

Bond yields and the US dollar rose following stronger US retail sales data. The ECB cut by 25bp and gave cautious guidance.

Bond yields are slightly lower and the US dollar is slightly higher. There was little major news, apart from UK inflation data which was softer than expected.

Markets were volatile following minor US economic data surprises, leaving bond yields slightly lower but fx little changed.

Mixed US economic data (PPI inflation, consumer sentiment) caused mixed reactions in bond yields and little net change in currencies, while equities rose.

Mixed US economic data caused mixed reactions in bond yields and little net change in currencies. Inflation data was firmer but labour data was softer.

US bond yields and the US dollar rose further. Fedspeak continued to hint at gradualism, the treasury auction was weak, and markets are cautious ahead of tomorrow's US inflation data.

US bond yields and the US dollar rose slightly amid Fedspeak which hinted at a more gradual pace of rate cuts.

US bond yields rose further as markets continued to digest last Friday's strong US labour data. The AUD and NZD currencies underperformed, geopolitical tensions weighing.

The US dollar and bond yields rose sharply in response to US labour data which was much stronger than expected. Equities also rose.

The US dollar and bond yields rose amid solid US economic data. Oil prices rose as tension gripped the Middle East.

US labour data was stronger than expected, causing a rise in the US dollar and bond yields.

Risk aversion amid escalation of the war in the Middle East caused a flight to safe haven instruments. Bond yields fell and the US dollar rose.

Bond yields rose during the European session and again following Fed Chair Powell's speech, while the US dollar is only slightly higher.

Bond yields fell amid slightly softer than expected US economic data and heightened tensions in the Middle East. The US dollar fell on the former but partly recovered on the latter.

Bond yields rose following stronger than expected US economic data. Chinese equities rose sharply amid discussion of further economic stimulus via fiscal measures, helping the AUD and NZD outperform.

Bond yields and the broad US dollar rose overnight despite little major economic news.

Bond yields and the broad US dollar fell in response to weaker US consumer confidence data.

Bond yields and the broad US dollar gyrated with economic data and Fedspeak, but are little changed, while equities gained slightly. The AUD and NZD outperformed.

ond yields rose slightly while the US dollar and equities closed little changed amid quarter end equity derivative position rollovers and some Fedspeak.

The US dollar weakened slightly as the previous day's large Fed rate cut was digested, and equities rose, the S&P500 up 1.8% - a record high. The central banks of the UK and Norway remained on hold.

The US dollar and bond yields are slightly higher, and equities slightly lower, despite the US Federal Reserve cutting its policy rate by 50bp – larger than the 25bp consensus expectation. The announcement did initially cause the expected set of reactions, but these were reversed during the press conference which hinted at a more measured pace of easing ahead.

The US dollar and bond yields rose following stronger than expected US economic data on retail sales and industrial production.

The US dollar and bond yields fell slightly, markets looking ahead to the Fed decision in two days time.

The US dollar and bond yields are slightly higher, and equities slightly lower, partly retracing the previous day's moves.