China’s olive branch supports risk-on mood

In the US, the dollar, equities and bond yields have all risen on the news that China would rather talk than retaliate, as the latest increase in tariffs from the US kicks in this weekend. Phil Dobbie talks to NAB’s David de Garis about the switch in sentiment, which has also been helped by what’s being called the Conte 2.0 government in Italy. The only sore points have been weakening inflation in Germany, ahead of Eurozone CPI later, and the reaction to yesterday’s poor business confidence read from New Zealand.

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