Market Comment | Trade deal prospects underpin positive market sentiment

Summary

The mood on financial markets remained positive this week on the back of brighter prospects of a trade deal. Although the ratification of the Hong Kong pro-democracy bill in the US slightly dented market’s risk-on mood towards the end of the week, both positive economic data helped to support markets.

Key points

• Key points:
• Political unrest in some LatAm countries has dented investor sentiment towards the region.
• Positive US data supported the USD.
• Safe-haven yields remained steady, while Italy’s risk premium widened.
• Stock indices gained in most countries with the S&P 500 hovering around new record highs.

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