Risk appetite dwindles as NAFTA cheer fades   

02 October 2018  :There was a risk-off vibe across financial markets today as the initial euphoria over the revamped NAFTA deal faded away.

Asian stocks ended mostly lower while European equities are a sea of red this afternoon amid the lack of appetite for riskier assets. Although the new United States-Mexico-Canada (USMCA) deal came as a relief to markets, sentiment clearly remains gripped by uncertainty over Italy’s budget and ongoing US-China trade disputes. Any potential signs of trade tensions escalating between the world’s two largest economies could fuel risk aversion consequently accelerating the flight to safety.

Source:  Lukman Otunuga, Research Analyst at FXTM

Reporting for EasyKobo on Tuesday , 04 October 2018 in Lagos, Nigeria

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