Market re-cap: not much going on, but ... - ANZ

Analysts at ANZ noted that it was a quiet day to start the week. 

Key Quotes:

"The market did not have much to trade on today with the failed coup in Turkey largely overlooked and a lack of impactful data. European equities were mixed on light volumes with Euro Stoxx."

"The CAC 40 closed down 0.3%; the DAX was unchanged and FTSE 100 closed up 0.4%. In the US, equities are fluctuating around all-time highs with information technology (Softbank’s $32bn purchase of ARM boosting IT) and financials outweighing a decline in energy and consumer staples."

"The USD is a little firmer, with gains led by a 1.3% move against JPY. NZD has been grinding higher following the gap lower on CPI data yesterday. AUD is trading just below 0.76. US treasury yields little changed, if anything up a touch."

"The probability of a rate hike in 2016 has climbed to ~40%, compared to ~30% a week ago."

"Oil is down a touch, with declines pared by the fact that supply chains through Turkey remain operational."

"Gold is off a touch, with the market brushing off geopolitical risks. Agricultural commodities are generally firmer."

"US investment grade credit spread indices are up ~1bp, with high yield spreads a little wider."