Markets consolidated awaiting key events - ANZ

Ross J Burland FXStreet

Analysts at ANZ explained that markets consolidated ahead of what will be a busy week for data and central bank speakers.

Key Quotes:

"Sentiment seems to be a little bit more uneasy of late, with market activity quite erratic. Attention seems to be focusing more on a potential future withdrawal of monetary support and whether there may be surprises on the hawkish side given the positive global growth backdrop. And there are also a number of geopolitical concerns to weigh."

"European equites were softer. The Euro Stoxx 50 finished down 0.5%, with the DAX (-0.4%), CAC (-0.7%) and FSTE 100 (-0.2%) all lower. The major US indices were largely unchanged at the time of writing. Sovereign yield curves generally flattened and the US 10-year remained at 2.39%. The USD rose against all in the G10, with the flaring up of UK political instability driving GBP to underperform. WTI was 0.3% firmer at $56.90/bbl, but Brent slipped 0.4% to $63.3/bbl."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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