Analysts at ANZ noted that equities gained on the back of easing trade tensions and subsiding concerns about rising US inflation (despite recent oil price gains).
Key Quotes:
“Over the session, the S&P 500 was up 0.2% and the Dow Jones was up 0.4%. Emerging market stocks also rose. Owing to euro strength, European bourses were down marginally. But the FTSE rose 0.1%, despite sterling regaining some poise.”
“The USD was flat, while the US 10-year yield held below 3.0% (closing at 2.97%).”
“Commodities slipped, as oil continues to consolidate.”
“WTI eased 1.1%, although was up over the week following the withdrawal of the US from the Iran nuclear deal.”
“Gold fell 0.2%.”
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