Market Comment | Weak US durable goods bring back the cautious tone

Summary

Markets were cautious amid concerns over the gloomy economic outlook ahead of the US Vice President Pence’s speech on China later today. The ECB maintained the monetary policy unchanged as expected.

Key points

• Key points:
• Sovereign bond yields inched down led by some disappointing U.S. economic data.
• The sterling fell amid the risk of a general election on December 12.
• European stocks edged up.

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