Analysts at ANZ explained that equities continued to push higher with the USD regaining some strength.
Key Quotes:
“Treasury yields rose and oil contracts were mixed. Following sharply higher equity prices in China and the EU, US stocks continued to climb, led by financials and industrial stocks.”
“The S&P and DJIA were up 0.7% and 1.3% respectively at the time of writing, and the VIX was down below 13.”
“The DAX and CAC 40 closed 0.4% higher. The USD rose against all G10 with GBP dropping around 1% from its daily peak following Brexit.”
“US Treasury yields rose 2.0-3.5bps across the curve on thinner volumes. WTI was down 0.3%. Brent lifted around 1%, bouncing off the 50-day moving average. Gold was up 0.3% to $1260/oz.”
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