Market Comment | Geopolitical tensions fade boosting risk-on mood.
Published on Thursday, January 9, 2020
Market Comment | Geopolitical tensions fade boosting risk-on mood.
Financial markets veered back toward a risk-on mood, underpinned by fading US-Iran tensions and positive economic data. Equity markets increased across the board, while bond, oil and gold prices declined.
Key points
- Key points:
- Sovereign yields extended the rally that began yesterday.
- Risk-on mood weighed on safe haven assets (JPY and gold).
- Equity markets increased and volatility inched down.
- Robust economic data in the US, while were mixed in the Eurozone.
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