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JGB TECHS

(U1) Fades Off 2021 Highs

AUSSIE 10-YEAR TECHS

(U1) Needle Points North

AUSSIE 3-YEAR TECHS

(U1) Holding Onto Gains

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  • Equity markets across Europe and the US fell Friday, with the S&P 500 shedding close to 1%. The Dow Jones underperformed, with the index falling over 1.25% thanks to sizeable drops in Goldman Sachs, UnitedHealth and American Express.
  • All sectors traded in the red, but losses were led by financials as bank stocks suffered under the pressure of a flatter US yield curve. Consumer discretionary firms posted the shallowest decline, falling 0.2% into the close.
  • European stocks fell more sharply than their US counterparts, with the peripheral Italian and Spanish markets dropping close to 2% apiece, while the DAX and EuroStoxx50 shed 1.8%.