*More to come as markets assess the impact of HK Bill on trade negotiations
*ASX 200 struggled amid trade outlook and Westpac breaches
*Week not over yet with significant EUR PMIs still to play on volatility
It was a slow news week with capital flows and volatility predominantly driven by trade war uncertainty after the US Senate passed the HK Democracy and Human Rights bill. Equities finished broadly lower, yields were firmer and FX mostly lacked conviction with a slight risk-off tone. In commodities, Crude ended the week where it started and now awaits the next OPEC meeting on Dec 5, while Bitcoin sees key resistance approach having sold-off sharply.
In case you missed it, here are some of our highlights from the week:
FX:
Equities:
Fixed Income & Commodities:
Source: Eikon data, ThinkMarkets. Returns are measured from the first available hourly data point till the end of Asia Friday. FX, equities and commods are measured in log returns. Fixed income returns are simply bps differentials.
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