Market Comment | Volatile sentiment

The mood of the financial markets fluctuated between risk-off and risk-on this week, as growing optimism over the possibility of a US-China trade deal was offset by persistent concerns over global growth slowdown, funding strains in the US money market and rising US political uncertainty.

Key points

• Key points:
• Preference for sovereign bonds continued.
• Market expectations for further easing remain high.
• No-deal Brexit fears weighed on the British pound.
• Equity indices inched down.

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