Markets make a positive comeback - ANZ
|Analysts at ANZ explained that equities pushed higher, yields rose and the USD strengthened overnight.
Key Quotes:
"The major US equity indices were flat to higher (Dow Jones +0.4%, others flat) and Europe saw gains of 0.3-0.7%. Industrials lead the charge (+0.8%) as oil prices rose (2.1%), financials and consumer discretionary stocks also gained."
"The tech sector remained weighed down by Facebook (-11.5% in two days) as pressure on its use of data continues to mount."
"Oil prices rose as OPEC output curbs continue to reduce the global surplus. US and core European yields managed to grind slightly higher (US +2bps across curve). UK yields rose 5bps across the curve despite core inflation dropping more quickly than anticipated."
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