Market Comment | Cautiousness on renewed trade deal uncertainty

Summary

Markets were cautious amid lower prospects of a limited trade deal and thin volume due to Veterans Days in the U.S.

Key points

• Key points:
• The pound strengthened on increasing hopes of a Brexit deal by the end of January.
• The Italian risk premium widened more than the Spanish risk premium, despite the fact that the latter’s election results deepened political deadlock.
• The Hang Seng index dropped sharply driven by fresh unrest in Hong Kong.

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