Market wrap: treading water, dollar gives back - ANZ
|Analysts at ANZ explained that Markets were relatively quiet on Friday with equities generally treading water, yields little changed, and the US dollar giving back some recent gains.
Key Quotes:
"European and US data had minimal market impact, with most moves in the market mild."
"European bourses fell by 0.2- 0.5% while equities in the US were mixed with DJIA flat and S&P 500 up 0.2%. The US treasury curve moved less than 1bp, while Canadian yields fell after CPI figures disappointed. European yields rose a couple of bps."
"The dollar fell against most in the G10 with NOK outperforming. CAD fell 0.3% on weaker data as the market pared back central bank tightening speculation. Oil rose about 0.7%, although finished the week down 3.8%. Gold rallied to finish the week, rising to USD1256/oz."
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