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Risk appetite recovering again, euro in focus amid growth concerns
Reaction to the renewed concerns of the scope of the Coronavirus (or COVID-19 which is the World Health Organisation’s new official name) drove a knee-jerk reaction back into safety on financial markets yesterday. However, the move seems to have been short-lived. Initial moves were broadly retraced into the close and there is a sense that the dust is quickly settling this morning. Bond yields have rebounded, the Chinese yuan recovered, whilst there was a notable degree of support for oil. There is still much uncertainty on a day to day basis, but the bulls will be encouraged by the reaction into yesterday’s ... (full story)