Markets in a snap-shot: US consolidates - ANZ
|Analysts at ANZ offered a snapshot of the last sessions of last week's markets.
Key Quotes:
"The USD consolidated as data confirmed the US economy’s outperformance in Q1, in contrast to weaker GDP data out of Europe. Sterling was the day’s biggest casualty, falling 1.0% on the GDP miss."
"BoE rate pricing was revised down sharply and for the year the market is now just looking for one rate hike in 2018."
"European equities were stronger with the DAX up 0.4%, the CAC 40 up 0.2% and FTSE up 0.7%."
"Moves were more modest in US markets, with the S&P 500 up 0.1%, while the Dow was flat."
"Bonds were also firmer into quarter end."
"The yield on the US 10-year note eased below 2.96% and the yield on the 10-year bund was 2bps lower at 0.57%."
"WTI was off 0.1% at USD68.10/bbl. Gold was up 0.6% at USD1324/oz."
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