Market wrap in a snapshot - ANZ
Analysts at ANZ noted that risk sentiment improved late in the Asian session, which flowed through to Europe and the US.
Key Quotes:
"The major US indices lifted with health care, materials, energy and consumer stocks leading the way."
"Tech shares remained the laggards with the information technology sub-component of the Dow Jones down 0.5%. Yields pushed marginally higher in Europe (1-2bps) and US treasuries bear steepened 3 to 5bps across the curve."
"The USD was mixed across the G10. CAD outperformed on positive NAFTA speculation and the NZD on better than expected dairy prices."
"The JPY and CHF both fell as risk sentiment stabilised. Generally, commodity prices were positive, led by energy and grains."
"US livestock futures struggled on supply concerns and the immediate impact of the 25% tariff on US pork exports to China."