Daily Market Report (27 June 2019)
- Positive comments from President Trump about the imminent discussion with China on tariffs should lend a positive note to the equity markets.
- With the Federal Reserve recent less than dovish stance, funds again appear to have unlocked some of their bond holdings with the US 10-year Treasury yield surpassing the 2.0% mark to close at 2.05% yesterday from around the 1.98% before.
- Meanwhile, we would expect there to be some accumulation on equities ahead of the US/China talk as sentiments seems to be rather confident.
