Market Comment | Quiet markets ahead of an eventful week
Published on Monday, January 20, 2020
Market Comment | Quiet markets ahead of an eventful week
Markets were generally steady because of a U.S holiday celebrating Martin Luther King Day. Therefore, sovereign bond yields and FX markets remained largely unchanged ahead of key economic events that will take place during the week.
Key points
- Key points:
- First ECB meeting of the year will take place this Thursday without significant changes expected.
- The IMF has slightly downgraded global growth in its quarterly update.
- Sovereign bond yields remained broadly stable.
- Wall street remained closed and the European equity markets were largely unchanged.
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