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    Published on Thursday, August 8, 2019

    Market Comment | A dash of optimism from China.

    Summary

    China’s stronger-than-expected daily fixing of its currency and an unexpected rise in Chinese exports cushioned rising fears over a worsening trade conflict. Despite signals of some renewed risk appetite, markets remain cautious over the potential for further escalation in the trade war.

    Key points

    • Key points:
    • Sovereign bond yields halted yesterday’s sharp decline while stock markets inched up.
    • China is keeping its door open to talks with the US in September despite escalation in tensions.
    • Gold prices took a breather from recent surge although JPY remains in demand.

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    Authors

    Vitor Sun Zou
    Sumedh Deorukhkar BBVA Research - Senior Economist

    Documents and files

    Report (PDF)

    MC_080819.pdf

    English - August 8, 2019

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