Market Comment | Wait and watch mood prevails

Summary

The slow progress in the initial trade demands of U.S and China is raising doubts as to whether they will be able to overcome their much deeper differences. Bloomberg reported that the ECB is considering modifying its inflation target to adapt it to the post-crisis era.

Key points

• Key points:
• Raising doubts as to whether U.S. and China will be able to overcome their much deeper differences.
• Peripheral risk premiums continued benefiting from search for yield strategies.
• Global stock markets dropped as investors are weighing central bank actions, corporate earnings and the outlook for global trade.

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