Snapshot of lackluster global markets in an overview - ANZ
Analysts at ANZ offered a snap-shot of the market overnight.
"The USD retained its firmer tone but a general absence of data releases this week in the aftermath of the wave of central bank meetings recently and mixed NFP report has left sentiment lacklustre and markets range bound, although reports that the recent missile attack in Saudi Arabia was of Iranian origin added a few jitters. Nevertheless, oil gave back some of yesterday’s gains, with Brent easing 0.9%.
So far fixed income markets appear unfazed by the recent strength in the crude price.
The yield on the US 10-year note eased to 2.31%.
Equity markets were little changed in the US with both the S&P 500 and the DJIA off 0.1%.
European bourses fared worse with the DAX down 0.7%, CAC 40 off 0.5% and FTSE 100 down 0.7%. Gold fell 0.6% to $1275/oz."