Equities, commodities and treasury yields all pushed higher - ANZ

Analysts at ANZ explained that it was a calmer start to the week offshore.

Key Quotes:

"Equities, commodities and treasury yields all pushed higher, while the USD was mixed against the G10. US stocks opened about 1% higher and have climbed to roughly 1.5% up on the day. Gains are broad based with energy, materials and information technology leading the charge.  

VIX continued to fall, down 10% to 26.9. European equities opened higher too and managed to close up 1.2%.

US treasuries opened up 2-3bps with the official announcement of a big fiscal spending package.

However, the curve has flattened with the 10-yr up 1 bps and 30-yr falling (-2bps).

UK gilts underperformed (+3-4bps) with two BoE speakers highlighting the need for policy tightening.

The USD was mixed, rising against CAD and NZD, but falling against NOK and AUD. Oil rose 1%, with gold up 0.7%.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.