Financial Markets Daily Report

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With U.S. markets closed for Thanksgiving Day, elsewhere investors traded cautiously as they eyed China's reaction to Donald Trump's signing two bills supporting Hong Kong's protesters.

Investors exhibited a greater preference for risk in yesterday's session.

Investors traded cautiously in yesterday's session as they wait for clearer signals that the U.S. and China will close the first phase of a trade deal.

Global stock markets started the week on the up as investors turned more optimistic on a phase-one trade deal between China and the U.S.

Markets ended the week on a positive note as investors welcomed remarks from the U.S. and China.

Investor's risk-off mood remained present in yesterday's session amid hesitation on whether the U.S. and China will finally sign a phase-one trade deal this year.

Yesterday, investors traded with a risk-off mood amid media reports that suggested that the phase-one trade deal between China and the U.S. might not be reached this year.

In yesterday's session, investors traded with caution as concerns of further escalation in trade tensions rose after Donald Trump said that tariffs on Chinese products might increase if a deal is not signed.

In the first session of the week, investors traded with caution amid mixed news on the trade front.

Financial markets ended the week with a positive tone as investors perceived that a partial trade deal between the U.S. and China is closer. More concretely, the U.S. Commerce Secretary, Wilbur Ross, said that progress was being made in the agreement's details.

Markets continued to reduce their risk appetite after yesterday's release of Chinese indicators and as investors reassess the prospects of closing a U.S.-China deal soon.

Markets tilted towards a risk-off mood in a session dominated by U.S. news. U.S., German and other core sovereign yields declined, euro area peripheral spreads widened, safe-haven currencies (such as the CHF and the JPY) appreciated against the USD (while the euro was roughly stable), and stocks exhibited a poor performance globally.