Market Flash: The Geopolitical Climate Recovers A Little

Risk assets were lifted this week by the partial US-China agreement and hopes of a solution to avoid a no-deal Brexit. The US-China agreement stipulated that Washington would not raise tariffs on $250bnworth of Chinese imports by 25-30% on October 15. In return, Beijing undertook to gradually double imports of US agricultural products, refrain from currency manipulation, open up its markets more and increase efforts to protect intellectual property rights in China.