Overnight markets reviewed: WTI -4.5% - ANZ

Analysts at ANZ offered a snapshot review of overnight markets.

Key Quotes: 

"Markets were fairly quiet overnight. US equities fluctuated with banks advancing but the energy sector hit by sharply weaker oil prices (WTI -4.5% to USD46.06/bbl) on data showing larger US crude stockpiles. The main US indexes are up 0.2% at the time of writing."

"Treasuries fell, with 10-year yields up 3bps, and the USD climbed as markets remain in something of a holding pattern awaiting Super Thursday (see commentary below)."

"Earlier, European bank shares lifted on a €1 takeover by Santander of the troubled Banco Popular Espanol after regulators concluded the bank was likely to fail."

"However, overall equity indexes were a touch weaker. European bond yields were up a few bps. Gold retraced some of yesterday’s surge, down 0.3%."