Market Watch APAC
US equities gained across the board on Friday with the tech stocks as well as small caps closing strongly.
The Dow gained 1.6% to be 0.8% higher for the week, while the S&P 500 gained 1.1% to finish the week 0.8% lower.
Investors will be waiting eagerly for earnings reports this week from Microsoft and Apple.
US bond yields were lower across the curve, the 2-year bond yield falling by 5 basis points to 4.38%.
In FX markets the US dollar was broadly unchanged and the AUD managed to regain some of the ground lost earlier in the week, closing around .6550.
Focus this week for the AUD will be the key June quarter inflation report, with markets wary of a stronger print, adding pressure for the RBA to hike rates.
Commodities were lower, with copper, oil and iron ore all down on concerns for the outlook for the Chinese economy.
