US-China trade deal amongst market movers – Danske Bank

According to Danske Bank analysts, we have a very interesting week ahead of us although today is quiet in terms of economic data releases.

Key Quotes

“We thought that the US and China were about to strike a trade deal this week, but Trump's latest tweet questions that. This is likely to dominate markets today.”

“In terms of economic data releases, European PMI services, retail sales and investor confidence are due out today. We also get unemployment data for Norway.”

“In the UK, we will follow the cross-party negotiations between Theresa May and Jeremy Corbyn that May's team wants to wrap up this week after both parties suffered in the UK elections last week. According to media reports, Theresa May is preparing to offer Corbyn to make a customs arrangement with the EU.”

“Otherwise this week, German industrial production, US inflation and China inflation are due out. The EU Commission is also publishing its new economic forecasts for the EU countries.”