Market Comment | Recent trade talks lack conviction
Published on Monday, October 14, 2019
Market Comment | Recent trade talks lack conviction
Last Friday’s optimism waned amid the uncertainty of a breakthrough in trade and Brexit negotiations. Separately, the U.S. cash bond market remained closed for the Columbus Day holiday.
Key points
- Key points:
- European sovereign bond yields inched down, especially in the periphery.
- Oil prices fell sharply.
- Both sterling and the Turkish lira depreciated led by increasing geopolitical risks.
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