Worldwide Marketsstill In Threatening Zone In Spite Of Improvements In Try - Anz
Investigators at ANZ clarified that there was a threatening tone in business sectors overnight, low slope in equities and commodities, while fixed income held a firmer tone. Key Quotes: "The yield on the US 10-yr note facilitated 5bps to 2.85% and the yield on the German benchmark bund fell 2bps to 0.3%. The JPY and USD were firm, profiting from the threatening tone. The lira picked up as much as 7.5%, with Turkish specialists taking measures to help the money, yet strife in the country continues. At the time of writing, the S&P500 was off 1.0%, the DAX was off 1.6%, CAC 40 down 1.8% and the FTSE 100 was off 1.5%. Weaker wares (particularly copper) weighed on the materials sector, while tech stocks were weighed by frustrating profit and European banks keep on feeling the heat. Oil fell 3% on the back of higher US inventories. Goldfell 1.4%." An overnight improvement in the Turkish lira "An overnight improvement is observed in The Turkish lira, with the T...