Market Comment | Virus contagion concerns breaks ‘risk on’ mood.

Summary

In a negative knee jerk reaction, investors sought shelter in bond markets and sold commodities and transportation sector stocks

Key points

• Key points:
• Equity markets recouped partially as WHO has so far stopped short of declaring the current outbreak as a global emergency
• Sovereign yields dropped across the board during the week, hitting pre-trade agreement levels
• Eurozone’ PMIs point weak growth extend in early year, but more optimism on recovery ahead

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