Market Comment | Investors make a guarded comeback

Summary

Equity markets bounced back trimming some loses inflicted by the renewed trade tensions, while volatility eased as Trump announced a six month extension of the deadline for imposing auto tariffs on Europe and Japan. Expectation of central banks support also contributed to the positive market tone today.

Key points

• Key points:
• Bond investors shifted to peripheral and EM sovereign bonds for extra yields.
• Safe-haven bonds remained well in demand despite improved sentiment, reflecting underlying caution across financial markets.

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