(25 MAY 2020)DAILY MARKET BRIEF 1:Sterling under pressure as Johnson faces Tory revolt in Cummings affair.

<p>Mixed sentiment in equities.
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<p>Equities kicked off the week on a mixed note amid investors, who are increasingly worried with mounting US-China tensions and rising unrest in Hong Kong, remained somewhat optimistic regarding the reopening of businesses across the globe and hope for more monetary and fiscal stimulus.
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<p>But developments on the US-China leg aren’t promising. Chinese Foreign Minister Wang Yi warned that the US is heading towards a new ‘cold war’. Although China remains committed to deliver on its phase-one deal promises for now, the next round of negotiations with the US will certainly be overshadowed by the renewed political tensions, topped with Hong Kong revolts and the US blames on China having created the virus in a Wuhan lab.
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