Daily Report 5 May 2021

Daily Report 5 May 2021

May 5, 2021

The S&P 500 fell overnight, as falls in tech and consumer stocks more than offset gains in materials and financials.

US long-term Treasury yields edged down, while their Australian equivalents saw a slight increase.

The Australian dollar depreciated.

The RBA left its monetary policy settings unchanged yesterday, yet announced that at the July meeting they will review the target bond and consider future bond purchases after the current A$100b bond buying program comes to an end.

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