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Published on Friday, December 7, 2018

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Market Comment | Risk-off mood drove financial markets at the end of the week

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Summary

Risk-off mood at the end of the week as increasing trade fears, volatility in oil prices and doubts about US economic growth weighed. The detention of a Chinese tech manager at the request of the US fuelled concerns about worsening relations. These events dispelled the positive mood after the G20 summit, in which China and the US reached a trade truce.

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