Daily Market Commentary: 8 July 2019

·       Risk-off fuels higher yields as Turkish central bank governor is removed and markets uncertain over a Fed cut

·       USD rebounds on the back of US data

·       Oil edged higher as rising tension in the Middle East kept investors wary, while expectations the U.S. and China can make a quick breakthrough following the resumption of trade talks are low

·       Diversified miners drop with commodity prices lower as the US dollar strengthen

·       US nonfarm payrolls data shows labour market strength

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