Latest from Moody's is a warning on a breakdown in US-China trade talks

Moody's the ratings agency warn:

If an abrupt breakdown in US - China trade talks happen, this would lead to

• policy uncertainty,
• increased risk aversion
• and abrupt repricing of risk assets globally

Ummm.

OK then.

This is what just happened in past days and hours.

For example, check out the slide in risk assets as described in the latest wrap:

• Forexlive Americas FX new wrap: Stocks get hammered as US/China trade war heats up