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Global market sentiment faltered from mid-January as the coronavirus outbreak in China worsened, after a rally driven by the phase-one US-China trade deal. Risk-off conditions persisted through late February as the virus spread across the globe.
Widening investor caution and weaker growth expectations reduce demand outlook and risk appetite, which adds downside pressure to broad commodity demand.
bis.orgSirio AramonteMar 1, 2020After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
