Market movers ahead
- News on the US-China trade war will continue to be in focus. The next key event is scheduled trade talks in Washington in September.
- Any comments by members of the Fed and ECB will be scrutinised for signals of how much easing is in the pipeline.
- On the data front, attention will turn to German ZEW, euro-area GDP for Q2, US core inflation and Chinese numbers on industrial production and retail sales.
- In Scandi markets the focus will be on Swedish inflation numbers and the Norges Bank meeting, where markets will look out for on any signals on future hikes.
Summer wrap-up
- Trump escalates the trade war further and the US officially designates China a ‘currency manipulator’.
- Bond yields fall sharply on the back of heightened uncertainty. The German 30-year bond yields drop below 0 for the first time.
- Trade war fears also triggered a sharp decline in global stock markets.
- The market is awaiting new easing signals from the Fed and the ECB.
