Following a week where the US withdrew from the Iranian nuclear deal and thus added fuel to a looming deterioration in risk sentiment – which has been building recently by a weakening business cycle – this week looks set to start on a more positive note as hopes of a fading US-China trade war are mounting, according to analysts at Danske Bank.
Key Quotes
“In a noteworthy move, US President Trump might have paved the way for more constructive talks this week, when over the weekend he ordered the US Commerce Department to make sure Chinese telecom equipment maker ZTE could be cleared to get supplies from US companies after a ban was set to cripple the company. It seems to have been a demand from China’s president Xi Jinping for China to continue negotiations, and Trump has seemingly now provided an outstretched hand to China.”
Share
