Market Comment | Risk-off mood prevails in financial markets

Summary

Safe-haven bond yields continued to trend lower, dragged by the ongoing US-China trade strains, alongside the release of a gloomy business survey in Europe and increasing anxiety over a no-deal Brexit

Key points

• Key points:
• Optimism about a potential trade deal has waned
• Volatility rebounded and equities fell sharply
• Investors sought shelter in sovereign bond and gold, while JPY and CHF also acted as a safe-haven
• Uncertainty weighed on commodity prices.

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