After what has been a solid month for equities and bond investors, month end flows have probably play their part in the price action overnight, US equities have lost momentum, UST have led a rise in core global bond yields and the USD is stronger. US and European inflation releases favoured the notion the Fed and ECB are done with their respective tightening cycles.
![Markets Today – The Cool Out](https://business.nab.com.au/wp-content/uploads/2023/08/todays-market-update-blue-globe-934x654.png)