Market wrap: financial markets continued to see-saw - ANZ

Analysts at ANZ explained that financial markets continued to see-saw, but this time with a bullish undertone as anxiety over geopolitical tensions eased and Trump’s comments were pro-trade. 

Key Quotes:

"On the former, Trump tweeted he never said when an attack on Syria would take place. It could be very soon or not so soon at all. Equities took heart, with the S&P 500 reversing Wednesday’s losses, rising 0.9% at the time of writing."

"The DAX rose 1.0%, CAC 40 was up 0.6% and the FTSE 100 was flat. This strength in euro area equities occurred despite weak February industrial production and the March ECB minutes highlighting concerns around trade, which weighed on the euro. But as equity markets firmed, fixed income sold off. The yield on the US 10-year note was up 5bps to 2.83% at the time of writing. Oil was little changed following Wednesday’s drop and gold fell 1.2%."