Market Comment | Hopes of a Brexit deal
Published on Tuesday, October 15, 2019 | Updated on Tuesday, October 15, 2019
Market Comment | Hopes of a Brexit deal
Summary
Risk-on mood emerged at the end of the session amid optimism over a Brexit deal and strong U.S. earnings, despite renewed concerns over global growth.
Key points
- Key points:
- The sterling soared with the EU and UK close to a Brexit draft deal.
- European and US equity indices and sovereign bond yields surged.
- Safe-haven assets weakened.
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Financial Markets
Authors
Vitor Sun Zou
Cristina Varela
BBVA Research - Principal Economist