There are some tentative signs that investor fears of an escalation of trade tensions are beginning to ease. A rebound in global equities overnight is offering the market some optimism of stabilization after last week’s rout.
New U.S President elect Donald Trump continues to have a massive impact on capital markets.
Global bond markets have lost more than $1 trillion in value; their worst rout in 18-months, on investors bets that Trumps new administration would boost business investments and spending while firing up inflation.
Market volatility continues with a risk-on rally gaining momentum overnight now that the FBI said Sunday that no new evidence was found to warrant charges against Clinton.
Last week saw global equities slide again, crude oil under pressure on doubts about OPEC’s ability to cut production at its next meeting in Vienna (Nov. 30). Economic data was mixed, as too were corporate earnings, while Friday’s non-farm payroll (NFP) provides a shout out for a Dec. Fed hike. The RBA, BoE, BoJ and Fed all met and left their respective policies unchanged.