Economic wrap with sentiment pausing - Westpac

Analysts at Westpac offered the sentiment and economic wrap for US trade.

Key Quotes:

Global market sentiment: Markets paused overnight. The S&P500 initially nudged a bit higher to make a fresh record high and then pulled back to be unchanged on the day. Brent crude fell 4.2% on stockpile gains.

Economic Wrap

The US Federal Reserve’s Beige Book of regional economic conditions reiterated the economy grew at a modest pace over the last six weeks. The details were arguably slightly more upbeat than previous missives.