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Analysts at Danske Bank note that the optimism over a US-China trade deal quickly faded and risk markets have started off on a weak note after White House economic adviser Larry Kudlow downplayed the potential of a quick deal with China.

Key Quotes

“We see a 60% probability of a ceasefire in the trade war, but any real deal will take time to reach and is unlikely to be done until some point in 2019.”