Market Comment | Mounting trade optimism resumes the risk-on mood

China’s statement that it has agreed with the U.S. to remove tariffs in stages renewed the risk-on mood, despite the gloomier Eurozone economic outlook.

Key points

• Key points:
• Sovereign bond yields rose sharply again with the Italian risk premium widening.
• The sterling depreciated driven by an unexpected dovish tone from the Bank of England.
• Global stocks edged higher with both the S&P 500 and Dow Jones continuing to hit fresh record highs.

Authors

Geographies

Topics

Tags