Market Comment | Short-term relief for investors

Summary

Investors shifted to riskier assets as political tensions eased in Europe and Hong Kong, although trade uncertainty remains.

Key points

• Key points:
• Global stocks rose, especially the Hang Seng index.
• The USD underperformed.
• The GBPUSD 3M implied volatility declined but remains in high levels.
• Italy’s risk premium continued to narrow sharply.

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Topics

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