Market recap We believe that risk sentiment was dampened by the inversion of the US 2-year/10-year yield curve for the first time since the Great Financial Crisis,...
Copper has traded sideways recently, undermined by a poor risk sentiment despite the recent slight de-escalation of US-China trade tensions, evident in several events which took place last week including (1) the tariff delay on some consumer goods by the US, (2) an extension of “the temporary general license” granted to Huawei Technologies in the US, (3) a positive phone call between US and Chinese negotiators, and (4) a stabilization in the yuan.
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