Market Comment | Geopolitical tensions fade boosting risk-on mood.

Summary

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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