Risk sentiment cautious as trade truce paints illusion of market stability   


Some semblance of stability returned to financial markets yesterday as investors breathed a collective sigh of relief after US-China trade talks during the G20 summit ended on a positive note over the weekend.

Global sentiment brightened with “risk-on” making a return after the United States and China agreed to restart trade negotiations. A sense of optimism over both sides finding a middle ground on trade is likely to distract market players away from geopolitical risk factors. However, given how the implemented tariffs are denting global growth and still remain unresolved – nothing much has changed. With the underlying factors weighing on investor confidence still in play, this illusion of market stability may be tested as the second half of 2019 gets under way.


Reporting for EasyKobo on Tuesday , 02 July 2019 in Lagos, Nigeria


Source: Lukman Otunuga, FXTM Research Analyst


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