European markets are preparing for recovery after yesterday's decline amid fiscal concerns and rising bond yields. Sentiment in Asia remains cautious: the Shanghai Composite dropped 0.6%, with pressure intensified by geopolitical risks following tough statements from Xi Jinping and Donald Trump. Meanwhile, economic data was positive - China's services sector in August showed its strongest growth in 15 months thanks to robust export demand.
Near-term: risk assets remain under pressure due to political and fiscal concerns, volatile movements are possible.
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European markets are preparing for recovery after yesterday's decline amid fiscal concerns and rising bond yields. Sentiment in Asia remains cautious: the Shanghai Composite dropped 0.6%, with pressure intensified by geopolitical risks following tough statements from Xi Jinping and Donald Trump. Meanwhile, economic data was positive - China's services sector in August showed its strongest growth in 15 months thanks to robust export demand.
Near-term: risk assets remain under pressure due to political and fiscal concerns, volatile movements are possible.