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Analysts at ANZ explained that another day with fewer negative trade headlines saw US markets end the week with equities higher, Treasury yields marginally lower and the USD mixed.  

Key Quotes:

“Industrials, consumer staples and energy shares lifted, nudging the S&P up 0.1% to above the 2800 mark and the DJIA up 0.4%.”

“Telecommunications fell on news that the Justice Department appealed an antitrust ruling in the AT&T merger.”

“Financials fell with mixed bank results. Key euro indices closed 0.1-0.4% higher. US Treasury yields were lower by a few basis points. Import prices and softer consumer expectations for inflation added to last week’s CPI undershoot.”

“The USD was mixed on light volumes with the NZD underperforming.”

“RUB depreciated after 12 Russian intelligence officers were indicted for hacking Democratic computer networks in 2016. Oil rebounded, with WTI up almost 1% to $71/bbl. Gold slipped 0.4%.”