A volatile market focussing on stopgap spending bill vote - ANZ

Analysts at ANZ noted a more volatile night for markets. 

Key Quotes:

"The USD consolidated following the whipsaw action of the overnight session and imminent event risk. 

The focus is on the stopgap spending bill vote in Washington today (temporary funding runs out at midnight on Friday) and also on the SPD convention in Germany this weekend, where it will be decided whether or not to go ahead with coalition talks.That will be swiftly followed by the ECB’s meeting next Thursday. 

"The 10-year Treasury note attempted to push through the 2.60% level overnight and sentiment towards fixed income markets remains negative. Equity markets were mixed."

"The S&P 500 is off 0.4% at the time of writing, while in Europe the DAX closed up 0.7% and the CAC 40 was unchanged."

"The FTSE 100 fell 0.3% as sterling continued to push higher. Cable is now knocking on the door of 1.40. WTI was unchanged at USD64/bbl and gold is currently up 0.3% at USD1331/oz."