Market Comment | Hong Kong jeopardizes trade negotiations

Today’s session was quiet as US stock and bond markets remained closed due to the Thanksgiving holiday. Nonetheless, market risk sentiment worsened after the pro-democracy Hong Kong bills became law with the US President’s ratification.

Key points

• Key points:
• Sovereign bond markets were broadly steady, except for Italy.
• G10 currencies showed minor changes, while EM currencies remain under pressure.
• European stock markets edged lower.

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