Positive session across markets, fuelled by optimism surrounding the trade agreement reached between the Trumpadministration and the UK government, which has helped ease tensions and is seen as a potential blueprint forongoing negotiations with other countries. Additionally, the Bank of England cut interest rates by 25 basis points to4.25%, citing increased uncertainty in the economic outlook. In contrast, Norges Bank and the Riksbank held ratessteady at 4.5% and 2.25%, respectively.
Equity markets posted broad-based gains, while sovereign bond yields in the eurozone and the US edged higher. TheUS dollar strengthened against most major currencies, and oil climbed to $63 per barrel.
There are no major macroeconomic releases scheduled for today, however, investors remain focused on the outcomeof this weekend’s trade talks between the US and China, where mutual concessions are seen as possible .
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