Market Comment | Risk-off mood abated by the trade relief after the G20 summit

Summary

Risk-off mood abated after the talks on the sidelines of the G20 summit held this weekend in Osaka. Trump-Xi manage to get talks back on track, Russia and Saudi Arabia agreed to extend crude oil output cuts and EU and Mercosur (Argentina, Brazil, Paraguay and Uruguay) reached a trade deal after two decades of negotiation.

Key points

• Key points:
• Trump-Xi manage to get talks back on track.
• Russia and Saudi Arabia agreed to extend crude oil output cuts.
• EU-Mercosur trade deal.

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