Daily Morning Call

From the Floor: Trump turmoil sparks broad risk-aversion — #SaxoStrats

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Political turmoil swirling around US President Donald Trump is spreading a wave of risk-aversion across financial markets, knocking global stocks sharply lower and driving safe-haven government bonds higher. Volatility is up sharply. The word "impeachment" is in the air, but a two-thirds majority in the Senate would be needed to remove the president.

  • Significant risk-off mode sweeps across markets due to turmoil surrounding Trump
  • Global equities sharply lower in high turnover; volatility spikes
  • USD under pressure; JPY soars
  • Government bonds rally in response across the board
  • 'Too early to be circulating the impeachment word': Hardy
  • Market re-pricing chance of June Fed hike, now down to 64.6%: Moltke-Leth
  • US tension eases slightly as DOJ appoints special council to run FBI probe: Hansen
  • Gold pares gains as DOJ’s appointment could ease sense of Washington paralysis
  • Oil looks vulnerable as it fails to capitalise on bullish EIA report and weaker dollar
  • Oil market pricing in 9-month output cut extension; unsure if Opec can implement
  • Several ECB speakers slated for today