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By Mark DOWDING, CIO at BlueBay Asset Management
A successful outcome will require diplomacy, but positive trade developments could lead to a risk rally.
Global yields were largely unchanged during the course of the week. Constructive sentiment in the run-up to this weekend’s G20 meeting helped to support risk appetite in the hope that Trump’s additional China tariffs will be deferred and that trade talks will resume. Optimists have been supported by the administration delaying a hawkish speech, which Pence had been planning to give, citing human rights violations in Muslim detention centres in the west China provinces.
With others such as Mnuchin and Ross seeming to talk up hopes that negotiations can re-start and a trade...
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