Market Comment | Investors trade cautiously ahead of the Jackson Hole gathering.
Published on Tuesday, August 20, 2019
Market Comment | Investors trade cautiously ahead of the Jackson Hole gathering.
Investors traded cautiously, awaiting more clues concerning monetary policy. Safe-haven assets outperformed others, with sovereign bonds rallying.
Key points
- Key points:
- Italy’s risk premium narrowed after the resignation of its PM Conte.
- Safe-haven currencies outperformed across the G10 board.
- Global stocks inched down with the IBEX leading the losses in Europe.
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