Market Comment | Risk assets slide as trade war worries aggravate global growth fears
Published on Friday, May 31, 2019
Market Comment | Risk assets slide as trade war worries aggravate global growth fears
Summary
Risk-off mood intensified as trade tensions dampen chance of a trade truce, mounting concerns about its impact on global growth outlook, amid broad based weakness in manufacturing.
Key points
- Key points:
- Safe-haven yields hit multi year lows, with term premium declining.
- Markets’ see an 80% chance of Fed rate cut in 2019.
- Trump’s tariff action on Mexico weighing heavily on Mexican the peso as well as oil.
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Financial Markets
Tags
- Tags
- financial markets
Authors
Cristina Varela
BBVA Research - Principal Economist
Documents and files
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