Markets await ECB: a quiet session before the storm? - ANZ

Analysts at ANZ noted that it was a quiet, mixed session overnight. 

Key Quotes:

"There were no data releases of any significance and markets were generally quiet, with the ECB meeting tonight the main focus." 

"The euro retained its firmer tone, while European stocks were under pressure."

"The DAX finished down 1.0%, the CAC 40 was off 0.6% and FTSE 100 was down 0.6%."

"The US 10-year yield is up 3bps and sitting at 3.03% currently, well through the 3% mark, after breaking that level on Tuesday night. US stock markets fluctuated between gains and losses."

"The break above 3% in the 10-year note and expectations of rising inflation has unsettled earnings optimism, leading to some profit-taking."

"The S&P 500 was down 0.2% at the time of writing, with energy and industrial stocks making gains. Oil prices were up 0.4%."

"The USD was up across the board, with the US Dollar Index up 0.5%. The USD/JPY cross rallied to the highest level in three months. Gold fell 0.7%."