Us dollar mixed and a flash crash for gold - ANZ

Analysts at ANZ noted that the end of last week saw more action, with equities falling, yields bear steepening, USD mixed, a flash crash for gold, and oil falling off recent peaks. 

Key Quotes:

"European bourses carried through the losses seen in Asia with declines from 0.4-0.7% across major indices. FTSE 100 underperformed with firmer UK industrial production data seeing monetary accommodation positioning pared back."

"GBP rose 0.4%. US equities were led lower by energy and health care stocks, while consumer staples rose. Yields bear steepened with the 2-year US treasury up 2bps and 10-year up 6bps. Credit remained under pressure. The front end of the UK curve also rose 2bps, with 10-year up 8bps. Gold experienced a flash crash with prices falling from $1285 to $1275/oz after more than $4bn went through gold future contracts in a few minutes. Oil came off recent peaks, falling about 0.5%."