Market Comment | Stock markets climbed as fears of trade war and global slowdown ease

Summary

A cautious optimism prevailed in financial markets driven by positive news on the trade front and hopes of monetary and fiscal stimulus, outweighing fears of a global slowdown.

Key points

• Key points:
• Sovereign bonds dropped with yield curves steepening as global recessionary fears ease.
• Germany is preparing fiscal stimulus to support its economy.
• U.S. and Chinese trade negotiations had been positive.

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