Market Comment | Investors trade cautiously ahead of the Jackson Hole gathering.
Published on Tuesday, August 20, 2019
Market Comment | Investors trade cautiously ahead of the Jackson Hole gathering.
Summary
Investors traded cautiously, awaiting more clues concerning monetary policy. Safe-haven assets outperformed others, with sovereign bonds rallying.
Key points
- Key points:
- Italy’s risk premium narrowed after the resignation of its PM Conte.
- Safe-haven currencies outperformed across the G10 board.
- Global stocks inched down with the IBEX leading the losses in Europe.
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Financial Markets
Tags
- Tags
- financial markets
Authors
Vitor Sun Zou