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.

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.

Markets were mixed on Friday, with the S&P500 equities index up 0.8%, and US dollar higher, but US bond yields and oil prices lower. The eagerly awaited Trump-Xi meeting at G20 resulted in a 90-day ceasefire on trade tariffs.

Markets were mixed on Friday, with the S&P500 equities index up 0.8%, and US dollar higher, but US bond yields and oil prices lower. The eagerly awaited Trump-Xi meeting at G20 resulted in a 90-day ceasefire on trade tariffs.

Markets were mixed on Friday, with the S&P500 equities index up 0.8%, and US dollar higher, but US bond yields and oil prices lower. The eagerly awaited Trump-Xi meeting at G20 resulted in a 90-day ceasefire on trade tariffs.

Markets were mostly contained, looking ahead to the weekend’s G20 meeting between Trump and Xi. Oil bounced 2% after Russia reportedly signalled production cuts. The FOMC minutes signalled a December rate hike is likely.

Markets were mostly contained, looking ahead to the weekend’s G20 meeting between Trump and Xi. Oil bounced 2% after Russia reportedly signalled production cuts. The FOMC minutes signalled a December rate hike is likely.

Markets were mostly contained, looking ahead to the weekend’s G20 meeting between Trump and Xi. Oil bounced 2% after Russia reportedly signalled production cuts. The FOMC minutes signalled a December rate hike is likely.

Markets were jolted late in the NY session after Fed Chair Powell sounded more cautious about future rate hikes. Equities responded positively (S&P500 +1.9%), while US bond yields and the US dollar fell. The AUD and NZD benefitted the most among G10 currencies.

Markets were jolted late in the NY session after Fed Chair Powell sounded more cautious about future rate hikes. Equities responded positively (S&P500 +1.9%), while US bond yields and the US dollar fell. The AUD and NZD benefitted the most among G10 currencies.