Market Comment | US not in a hurry to reach a trade deal with China
Published on Tuesday, December 3, 2019
Market Comment | US not in a hurry to reach a trade deal with China
Summary
Investors were risk-averse as US trade frictions with the rest of the world keep mounting.
Key points
- Key points:
- Sovereign bond yields dropped amid rising trade tensions.
- Market expectations of further rate cuts by the Fed increased.
- Safe-haven assets strengthened.
- US stock markets dropped, while the VIX index rose.
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Financial Markets
Authors
Cristina Varela
BBVA Research - Principal Economist
Vitor Sun Zou
María Sánchez Carvajal