- STOCKS: Britain’s FTSE 100 clocks record high for a third day, China hits 10-year high. Wall Street’s main three indices fall – S&P 500 down for a fifth day, longest losing streak this year.
- SHARES/SECTORS: U.S. consumer staples -1.2%, biggest fall in two months. Walmart -4.5%, biggest fall in six months.
- FX: Dollar rises across the board. In G10 FX, it gains most against low-yielding Swiss franc and yen. Japan’s currency has biggest fall this month.
- BONDS: Japanese yields hit historic peaks – 10-year highest since 2008, 20-year since 1999. U.S. curve bear flattens, chance of Sept Fed hike now less than one-in-four.
- COMMODITIES: Oil rises 1% on stalled Russia-Ukraine peace talks, strong U.S. demand. WTI settles at $63.43/bbl.
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