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Published on Tuesday, January 8, 2019 | Updated on Wednesday, January 9, 2019

Market Comment | Trade progress allows markets to recover further

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Summary

Markets started the week in a positive mood as fresh news at the end of last week still weighed this week. The sharp rebound in risk asset prices last Friday was backed by hopes of easing trade frictions between China and the US (which have extended today), strong US jobs data, actions from China’s central bank, and especially due to patience showed in Powell’s remarks.