Negotiators from the world’s two biggest economies have been locked in negotiations on a phase-one deal ahead of Dec. 15, when the U.S. is due to impose a new round of tariffs.
The European Central Bank kept monetary stimulus unchanged at President Christine Lagarde’s first policy meeting, shifting the focus to when she’ll announce her review of the institution’s strategy for safeguarding the euro-zone economy.
Bets on overnight volatility in sterling surged to the highest in nearly three years and traders hedged the risk of a surprise in options markets.
“If cyclical or policy risks recede into 2020, it would be difficult for asset allocators to not accept higher equity weightings,” the analysts wrote.
The U.S. budget deficit expanded in November, reflecting an increase in spending tied to the timing of some federal payments.
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