Market Comment | Cautiousness amid renewed threat of US tariffs on European products

Summary

German companies move into the new year with more optimism, but investors remained vigilant amid renewed trade tensions between the US and Europe and concerns on Brexit.

Key points

• Key points:
• The euro slipped and the sterling extended yesterday’s losses.
• Sovereign bond yields rose, especially in Italy.
• European equities were tilted to the downside.

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