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Risk recovery continues as trade talks go to a third day
In the early weeks of 2019 it is likely that the progress of the trade negotiations between the US and China will be crucial for risks sentiment. Almost everything else is looking concerning for global markets (continued deterioration of data pointing to a global cyclical downturn, US Government shutdown, continued Brexit uncertainty). However, there are signs of positivity in the US/China talks this week (stretched into a third day due to progress being made) which is allowing risk appetite to improve once more. There will need to be substantive progress on market access, along with protection of intellectual ... (full story)