Global market snapshot - ANZ

Analysts at ANZ comes with their global market snapshot.

Key Quotes:

"The euro shrugged off disappointing German factory orders and gained against most currencies."

"However, euro equities were down a touch with the FTSE 100, CAC 40 and DAX down between 0.1% and 0.2%."

"European bonds were mostly sold, with the German curve steepening as 2-year Bund yields dipped 1.4bps and 10-year yields rose 1.8bps."

"Italian yields continued to move sharply, with 2-year yields up 24bps and the 10-year up 12.5bps."

"US Treasury yields were down across the curve, with the 2-year and 10-year down 2.4bps and 4.4bps respectively at the time of writing (although it was a wild ride)."

"The DJIA opened higher, but had retraced some of its early gains to be up 0.3% at the time of writing. The S&P 500 was down 0.2% with tech stocks underperforming. The NASDAQ was down 0.8% at the time of writing."

"WTI oil prices rose 1.9% as markets weigh up whether or not OPEC will lift output at the upcoming meeting in Vienna on 22 June. The prospect of a meeting between Vladimir Putin and Saudi Crown Prince Mohammed bin Salman at the World Cup next week also has the market’s attention."