Global markets in a snapshot - ANZ

Analysts at ANZ offered a snapshot of the markets overnight and key themes.

Key Quotes:

"Draghi’s comments that trade tariffs could hurt growth and inflation and the USD could strengthen took the shine off the euro."

"The euro initially rallied and bunds sold off, but these moves unwound as the European session progressed. Attention turned to Trump’s signing of the announced tariffs on steel and aluminium later today and some speculation that they may not be as broad as initially announced."

"Stocks had a positive day and the DAX rose 0.6%, the CAC 40 was up 1.1% and the FTSE 100 was up 0.5%."

"The S&P is flat at the time of writing. Bonds also had a slightly firmer tone with the yield on the US 10-year note easing to 2.86%."

"WTI was off 1.0% at USD60.54/bbl and gold eased 0.4% to USD1320/oz."