Market Comment | Market risk sentiment worsens on weak U.S. factory data.
Published on Tuesday, September 3, 2019 | Updated on Tuesday, September 3, 2019
Market Comment | Market risk sentiment worsens on weak U.S. factory data.
Summary
Risk-off mood prevailed in financial markets amid trade uncertainty and weak economic data in the U.S. which reinforced fears of a global slowdown.
Key points
- Key points:
- Yields on 10Y Italian and Britain bonds hit historic lows.
- Safe-haven currencies (JPY and CHF) resumed its gains, alongside gold.
- U.S. and European stocks fell.
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Financial Markets
Authors
Vitor Sun Zou