The risk-averse mood persisted. The S&P500 is down 2.0%, oil is down 3.5%, and US bond yields and the US dollar are also lower. Yesterday’s news that the US asked Canada to arrest the Huawei CFO on sanctions violations raised doubts about the US-China trade truce.

The risk-averse mood persisted. The S&P500 is down 2.0%, oil is down 3.5%, and US bond yields and the US dollar are also lower. Yesterday’s news that the US asked Canada to arrest the Huawei CFO on sanctions violations raised doubts about the US-China trade truce.

The risk-averse mood persisted. The S&P500 is down 2.0%, oil is down 3.5%, and US bond yields and the US dollar are also lower. Yesterday’s news that the US asked Canada to arrest the Huawei CFO on sanctions violations raised doubts about the US-China trade truce.

The risk-averse mood moderated in Europe overnight, following yesterday’s acknowledgement by China of a trade war truce with the US, and perhaps helped by the US markets’ holiday closure. The Eurostoxx 50 fell “only” 1.2% (following the S&P500’s 3.2% fall), and the AUD and NZD are slightly lower.

The risk-averse mood moderated in Europe overnight, following yesterday’s acknowledgement by China of a trade war truce with the US, and perhaps helped by the US markets’ holiday closure. The Eurostoxx 50 fell “only” 1.2% (following the S&P500’s 3.2% fall), and the AUD and NZD are slightly lower.

The risk-averse mood moderated in Europe overnight, following yesterday’s acknowledgement by China of a trade war truce with the US, and perhaps helped by the US markets’ holiday closure. The Eurostoxx 50 fell “only” 1.2% (following the S&P500’s 3.2% fall), and the AUD and NZD are slightly lower.

Sentiment reversed overnight amid uncertainty regarding the recent US-China trade war truce. The S&P500 is down 2.6%, bond yields are lower, and the US dollar is higher.

Sentiment reversed overnight amid uncertainty regarding the recent US-China trade war truce. The S&P500 is down 2.6%, bond yields are lower, and the US dollar is higher.

Sentiment reversed overnight amid uncertainty regarding the recent US-China trade war truce. The S&P500 is down 2.6%, bond yields are lower, and the US dollar is higher.

The positive reactions from equities and currencies to the Trump-Xi trade war ceasefire were maintained but not extended. US bond yields, though, retraced lower.