Market Comment | The Brexit bill approval fails to propel market risk-on mood

Summary

Financial markets moved sideways even as global risks (trade negotiations and Brexit) evolved positively, in turn signalling that uncertainty has not dispelled completely.

Key points

• Key points:
• Sovereign bond yields fluctuated, ending the week with minor changes, except for the 10Y UK yield.
• The USD halted its recent depreciation trend, while the GBP depreciated.
• Equity markets inched up, with the S&P breaching the 3000 level led by better-than-feared earnings results.

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