Market Comment | Caution ahead of an eventful week
Published on Monday, July 29, 2019 | Updated on Monday, July 29, 2019
Market Comment | Caution ahead of an eventful week
Markets started the week on a cautious note ahead of the FOMC meeting and relevant activity and inflation data of main economic areas. Regarding US-China trade talks, expectations for any breakthrough are low.
Key points
- Key points:
- Investors will watch closely the FOMC’s rate decision on Wednesday
- Yield on 10Y gilts declined as fears of a no-deal Brexit increase
- The GBP weakened significantly to its lowest level since March 2017
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