Market Comment | Equity markets to record highs although bond yields see limited gains
Published on Friday, January 17, 2020
Market Comment | Equity markets to record highs although bond yields see limited gains
Equity markets slightly extended the increases across the board during the week, underpinned by the final agreement on the U.S.-China phase one agreement, the improvement in the U.S. activity data (retail sales and regional PMI) and mixed company earnings.
Key points
- Key points:
- Sovereign yields recovered some ground during the week, although limited upside in yields.
- Equity markets slightly extended the increases across the board (VIX around 12).
- G-10 currencies were broadly steady with the JPY falling reaching seven-month lows.
- The U.S. consumption expectations lost steam, whereas China’s annual GDP growth slowed.
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