Market Comment | Global risks ease

Summary

Market mood improved this week after the breakthrough to avoid major global risks (trade and Brexit), but caution remains over renewed fears of a global slowdown.

Key points

• Key points:
• The pound appreciated sharply on Brexit deal between the EU and UK.
• The dollar’s strength halted amid lower risk aversion.
• Search for yield continued to compress peripheral risk premia.
• Equity inched up, led by better than expected 3Q19 company earnings.
• Economic data maintained doubts about global growth.

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