Market Comment | US-China Tech confrontation brings back a cautious tone

Summary

Financial markets trade in a cautious fashion, as investors wait for new developments in the US-China trade dispute, amid the US mulling over whether or not to add five new Chinese technology firms to a blacklist. The lack of support of May’s new Brexit plan also increase the risk-off mood.

Key points

• Key points:
• The Safe-haven yields inched down due to the cautious tone of the markets.
• In FX markets G-10 traded in a range-bound, ahead of FOMC minutes.
• The GBP depreciated as May’s new Brexit plan found a lack of support among all political parties.

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