Published on Wednesday, December 4, 2019 | Updated on Wednesday, December 4, 2019
Market Comment | The trade rollercoaster continues amid mixed news
Summary
Trade developments swing from pessimistic to optimistic. Market risk sentiment improved amid speculation that China and the US might be closer to a trade deal, but it didn’t fully recover from the recent flood of negative trade news.
Key points
- Key points:
- US employment lost steam, while the services sector slowed down.
- The yield on the 10Y UST bond recovered partially from yesterday’s sharp drop.
- Sterling outperformed its G10 peers as polls favor Tories, while the USD remained under pressure.
- Oil prices jumped sharply.
- European and US equities rose, while the VIX index fell back to 14.
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Financial Markets
Documents and files
Authors
VS
Vitor Sun Zou
CV
Cristina Varela
BBVA Research - Principal Economist
MS
María Sánchez Carvajal