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Market Comment | The trade rollercoaster continues amid mixed news

Published on Wednesday, December 4, 2019 | Updated on Wednesday, December 4, 2019

Market Comment | The trade rollercoaster continues amid mixed news

Trade developments swing from pessimistic to optimistic. Market risk sentiment improved amid speculation that China and the US might be closer to a trade deal, but it didn’t fully recover from the recent flood of negative trade news.

Key points

  • Key points:
  • US employment lost steam, while the services sector slowed down.
  • The yield on the 10Y UST bond recovered partially from yesterday’s sharp drop.
  • Sterling outperformed its G10 peers as polls favor Tories, while the USD remained under pressure.
  • Oil prices jumped sharply.
  • European and US equities rose, while the VIX index fell back to 14.

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