Market Comment | All eyes on the G20 summit

Summary

Financial markets traded in a tight range this week, fluctuating in line with news flows about the potential outcome of the G-20, where a trade truce emerged as the more probable scenario. Moreover, The increase in Iran-US geopolitical tensions boosted oil prices but it was not a major market mover this week.

Key points

• Key points:
• Cautious mood in financial markets.
• China requested the U.S. to remove its ban on the sale of U.S. technology to Huawei.
• Oil prices increased due to geopolitical concerns between the U.S. and Iran.

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