Market movers ahead
- The most important global event is the Donald Trump-Xi Jinping meeting in Japan this weekend – in our view, there is hope for an easing of the trade war.
- The US jobs report and ISM data could point to a further economic slowdown in June; jobs growth is especially important to watch at this time.
- A new attempt to agree on the EU top jobs will be the central point of an extraordinary EU summit on Sunday.
- PMI data from China could be weak, as could the important Japanese Tankan survey.
- Following the dovish shift from the major central banks, the Swedish Riksbank is under pressure to send new signals at its meeting on Tuesday.
Weekly wrap-up
- The global macroeconomic situation remains weak.
- The Fed and ECB gave further hints about their potential monetary policy easing.
- There are further indications of a possible trade ceasefire between China and the US.
- Tensions between the US and Iran continue to run high.
- Import prices continue to rise in Sweden, but consumer prices do not.
