According to Deep Tide TechFlow, Andersen, co-head of fixed income and foreign exchange research at Danske Bank, stated that after positive news from the U.S.-China trade negotiations over the weekend, the trend of improving market risk appetite since last week is expected to continue this week.
Andersen pointed out that over the past week, the market has shown a warming risk sentiment, mainly due to initial signs of easing in the trade war. U.S. Treasury Secretary Becerra stated that the talks were productive and revealed that the U.S. would announce more details on Monday.