Despite a raft of good economic data, sentiment seems to be ebbing, impacting global markets [1e0b863c]. American consumer spending has risen but remains brittle, affecting the U.S. economy [1e0b863c]. The Wall Street earnings season has been positive, influencing investor sentiment [1e0b863c]. China's industrial profits have fallen less than expected, impacting the Chinese economy [1e0b863c]. Aussie PPI (Producer Price Index) has modestly increased, affecting the Australian economy [1e0b863c]. Carbon prices in New Zealand and the EU have remained stagnant, impacting the carbon market [1e0b863c]. The UST 10-year yield has seen little change, influencing bond markets [1e0b863c]. The Kiwi dollar has remained stable, affecting foreign exchange markets [1e0b863c]. Beijing authorities have effectively pegged the yuan to the US dollar, impacting currency markets [1e0b863c]. The price of Bitcoin has slightly decreased, influencing the cryptocurrency market [1e0b863c]. National plans to adjust the Emission Trading Scheme settings have been announced, but speculators remain unconvinced, impacting the carbon market [1e0b863c].
Despite the positive economic data, sentiment is ebbing, which could have implications for global markets [1e0b863c].