Equities were mixed on lighter volumes with yields lower and the USD stronger.
Key Quotes:
“Outside of technology, US stocks were lower with energy shares leading declines.”
“The S&P 500 and DJIA were down 0.2%.”
“Saudi Arabia’s oil minister Khalid Al-Falih said OPEC and allies were likely to boost output in H2 this year. Oil retreated around 4%.”
“European bourses were largely unchanged +/- 0.2%, the DAX outperformed on a solid IFO print.”
US Treasury yields were down 3-6bps and yields in Europe down 3-8bps. The USD gained on all in the G10 but the SEK.”
“NOK and CAD underperformed on lower oil. Gold was unchanged.”