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Market Comment | Markets find support in the relief of trade tensions and ECB stimulus

Published on Thursday, September 12, 2019

Market Comment | Markets find support in the relief of trade tensions and ECB stimulus

Financial markets remain cautiously optimistic, with and slightly risk-on mood on easing US-China trade tensions and ECB strong stimulus.

Key points

  • Key points:
  • ECB cut deposit rate and set a tier deposit system, reinforced the forward guidance, delivered an open-ended asset purchase program and sweetened the TLTROIII cost.
  • German yield swung, ending higher due to the risk-on, and peripheral yield declined across the board.
  • The euro fluctuated before the FOMC meeting next week.

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