Global market snapshot - ANZ

Analysts at ANZ noted the key events and market reactions from the overnight sessions.

Key Quotes:

"Speeches from senior ECB officials dominated a day that was light for top-line data releases, leading to a sell-off in European bonds. Yields were higher across the euro zone, with German 10-year yields up 10bps and French 10-year yields up 11bps, and Italian yields up 15bps. The prospect of an end to QE also pushed up the euro. The USD underperformed, with the USD index 0.2% lower. US equities increased on the back of more positive trade headlines and a narrowing of the US deficit. The Dow Jones was up 1.2% and the S&P 500 was up 0.7%. US 10-year yields rose 5bps to 2.97%. With strength in the euro weighing, the CAC 40 slipped 0.1%, the FTSE 100 was up 0.3% and the DAX was up 0.3%. After starting higher, oil prices dipped following EIA reporting that US oil inventories unexpectedly rose by 2.1 million barrels last week. WTI is 1% lower overall. Gold prices were broadly flat."