Market Comment | Huawei respite lifts market mood

Summary

Financial market mood improved slightly today, after the US granted Chinese tech major Huawei a 90-day conditional waiver to continue doing business with US companies.

Key points

• Key points:
• Equity markets bounced back slightly. Implied volatility in equity markets inched down but kept its upward trend intact.
• Powell’s speech supported bond markets.
• Investors shift to peripheral bond market for getting an extra-yield.

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