Analysts at ANZ explained that equities were mixed on light volumes with treasury yields down a few basis points.
Key Quotes:
“The USD strengthened and oil found some stability. European equities traded sideways with volumes down about 35% compared to the last 100 trading days, and the major US stock indices were largely unchanged. Telecommunications and materials gains offset energy and financial share declines.”
“US Treasury yields were down 2-3bps across the curve with a weaker PPI helping spur demand.”
“The USD was generally stronger with NZD continuing to grind lower throughout the trading day.”
“The Russian ruble and Turkish lira had a rough night on sanctions worries. WTI oil for near-term delivery was down 0.1% with gold down 0.1%.”
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