Market Comment | Rhetoric-driven swings in trade deal prospects dictate market movements

During this week, financial markets fluctuated sharply with US-China trade negotiations as the key driver

Key points

• Key points:
• This week saw a wild back and forth on US-China trade talk rhetoric.
• Sovereign yields fluctuated, mainly underpinned by trade rhetoric, but European yields were more contained amid political noise in Germany which could lead to higher public expenditure.
• The USD depreciated against most currencies.

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