Market comment | Markets start the week on a slightly positive note

Summary

Financial markets began the week on a slightly positive tone. That said, markets traded in a narrow range ahead of this week's main events such as the signing of the U.S.-China phase I trade deal on Wednesday, and the 4Q19 earning season kick-off.

Key points

• Key points:
• The Chinese currency reflected a positive prospect for a final deal, trading below the USDCNY 7 threshold
• Sovereign yields recovered from Friday’s falls
• Geopolitical risk moderated, although the risk of tit-for-tat retaliations remains elevated

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