Search ForexCrunch

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.”