In the morning, the mood in global financial markets is sad. People worry about the lack of progress in negotiations between the US and China. The Central Bank of South Korea unexpectedly lowered the discount rate for the first time in three years. This is the central bank's reaction to economic slowdown in the country. In Japan, exports fall for the seventh consecutive month. In general, the weakening of international trade is the main problem of macroeconomic trade of recent years. In Australia, came out weak labor market data. That is, the entire macroeconomic background demonstrates a slowdown in the global economy. As a result, we see a decline in the yield of 10-year government bonds back to 2.04% per annum, what signals the flight of risk to quality.
20 July 2019
In the morning, the mood in global financial markets is sad.
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