Market comment | Risk-on ebbs despite strong U.S. payrolls, amid 2019-nCov
Published on Friday, February 7, 2020
Market comment | Risk-on ebbs despite strong U.S. payrolls, amid 2019-nCov
This week risk-on mood returned to DM on upbeat U.S. data, a trade truce, expectations that the coronavirus will have a temporary impact and supported by signs of central banks’ easing. The upward trend in sovereign yield remained contained by the lack of inflation pressure.
Key points
- Key points:
- Rosy U.S. labor market, while disappointing industrial production data in Germany.
- Sovereign bond yields recovered some ground this week, but caution prevailed.
- Equity markets reached new record highs this week. VIX declined (by 4 points to 15).
Documents to download
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Financial Markets