Daily Market Commentary

February 8, 2019

Bonds
Treasury futures underpinned as U.S. equity index futures fall, adding marginally to Thursday's advance on trade developments; Australia's 10-year yield approached lowest levels since 2016 after RBS cut its growth and inflation forecasts, and JGBs surged on global growth concerns.

Economy
U.S. stocks fell for a third day, helping drag global equities toward their first weekly decline of the year as concern over economic growth and trade disputes halted the torrid post-Christmas rally. Treasuries climbed with gold.

Global
The U.K. will hog the spotlight in the week ahead. Politics is set to overshadow the economic data as Prime Minister Theresa May updates lawmakers on any progress in securing concessions from the EU on her Brexit deal. So far, the EU has held firm.

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