Market Comment | Markets wait for more clues on trade negotiations

Summary

Three-day risk-on rally halted as investors await new developments on the U.S.-China trade negotiations in absence of relevant economic data.

Key points

• Key points:
• Sovereign bond yields inched down, pausing the recent upward trend.
• Stock markets were mixed with the S&P 500 consolidating levels near record highs.
• G10 currencies showed minor changes, while the Brazilian real depreciated sharply.

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