WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Taking their cue from US equities’ healthy gains overnight, European bourses were firmer in early trade on Tuesday supported by somewhat receding trade war fears. A number of leading Republicans warned that US President Donald Trump’s proposed measure for the imposition of tariffs on imported steel and aluminum could eventually trigger an escalating trade war. Increased risk appetite somewhat dented the safe haven appeal of core government bonds while in FX markets, the USD was little changed on the day. Looking at today’s data calendar, US factors orders for January is the only release of note.
SOUTH EASTERN EUROPE
CESEE MARKETS: The majority of Emerging Market assets traded firmer earlier on Tuesday on somewhat easing worries over US trade protectionism.
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