Market Comment | All eyes on the phase one trade deal signing
Published on Wednesday, January 15, 2020 | Updated on Wednesday, January 15, 2020
Market Comment | All eyes on the phase one trade deal signing
Investors remained cautious ahead of the signing and the unveiled details of the U.S.-China phase one deal. Against this background, bonds remained well demanded while equity markets showed mixed results, with the U.S. equity market hitting a fresh record high.
Key points
- Key points:
- U.S.-China trade agreement signing and the unfolding details were in the spotlight today.
- Sovereign yields fell across the board amid the uncertainty surrounding the signing of phase one deal.
- Solid macroeconomic data in the U.S., although disappointing in Europe.
- Yuan remained steady CNYUSD 7 threshold, whereas the USD slightly depreciated against most G-10.
- The U.S. equity market hit a fresh record high.
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