Market Comment | Thin volume ahead of the Christmas Break

Summary

Financial markets were broadly steady, although some caution still lingers amid thin liquidity as the year-end approaches.

Key points

• Key points:
• Sovereign bond yields were unchanged, except for Italy.
• G10 currencies appreciated in general, but the DXY index trimmed early gains on weak US data.
• US stock markets inched up on trade optimism. The S&P 500 rose by 28.7% year-to-date.

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