Market Comment | Hong Kong in the spotlight

Summary

Investors remained cautious on the back of renewed U.S.-China geopolitical tensions. The U.S. Senate unanimously passed a bill yesterday supporting Hong Kong protesters, which downplayed hopes of a trade deal.

Key points

• Key points:
• Sovereign bond yields inched down with the 10-2Y yield curve flattening.
• G10 currencies showed minor changes, while LatAm currencies remain under pressure.
• Oil prices jumped amid growing Middle East tensions.
• Global stock indices edged lower with cyclicals being the most affected.

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