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Analysts at ANZ noted that the solid data flow and fewer negative trade headlines supported markets, but the USD gave back some recent gains.  

Key Quotes:

“US equities continued to rise, with the S&P and DJIA up 0.3% and 0.6% respectively at the time of writing. Energy stocks found support from higher oil prices, with WTI up 0.3%.”

“Gold eased 0.1%. UK household spending was also firm, boosting GDP, keeping an August BoE hike on the cards (around 75% priced in). The US Treasury curve flattened with 2-year up 3bps and 10-year up 1bp. UK yields rose 4-5bps across the curve on the GDP rebound.”