Tech led the US stock rally amid a softer yield environment

US stocks traded higher, led by the Nasdaq, as the tech sector outperformed. Lower yields across the curve, following the NY Fed Survey of consumer inflation expectations, contributed to the positive sentiment. Oil prices fell after Saudi Arabia’s cut in OSPs, suggesting weak demand. The USD was under pressure, while EUR only saw modest gains. Looking ahead, upcoming economic data includes Japanese Household Spending & Tokyo CPI, Australian Building Approvals & Retail Sales, and UK BRC Retail Sales.