Market Comment | Concerns over a trade war escalation weigh on market risk sentiment

Summary

Risk-off mood resurfaced in financial markets on the back of fresh trade worries and mounting social unrest in Hong Kong and Latin America. In Europe, Spain’s left-wing coalition still faces some hurdles.

Key points

• Key points:
• Sovereign bond yields dropped broadly, while global equities inched down.
• Safe-haven assets strengthened.
• LatAm currencies were dragged down by local risks.

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