Key market developments - ANZ

Analysts at ANZ noted the key developments in markets overnight.

Key Quotes:

"Equites lifted overnight with bond yields falling."

"The USD continued to strengthen and commodities were mixed."

"European bourses rose 0.6-0.7% with no change from the ECB.:

"US equities opened higher and continued to rise throughout the session."

"IT stocks led gains with Facebook up 10% at the time of writing after earnings beat expectations."

"The VIX volatility index fell 7% to 16.6."

"US treasury yields have declined with 10-year yields down 3bp to be (just) back below 3% and 2-year yields at 2.49%."

"The USD strengthened against nearly all in the G10 with SEK falling 1.1% after the Riksbank pushed back its forecast rate rise (again)."

"In commodities, gold is down 0.5% at the time of writing and oil was biased higher, with WTI for near-term delivery up 0.2% at USD68.17."