A wave of risk-off sentiment swept through global financial markets on Friday morning, one analyst says
02 October 2020 – 12:05
The JSE was lower on Friday in line with European markets after US President Donald Trump announced that he has tested positive for Covid-19, as focus remains on the US election.
FXTM market analyst Han Tan said that “a wave of risk-off sentiment swept through global financial markets” following news that Trump tested positive for the virus and would be in quarantine. This comes just a month before the US election, a risk event that is expected to drive market sentiment.