According to analysts at Danske Bank, today is quiet in terms of economic data releases, but we have a very eventful week ahead of us for the markets.
Key Quotes
“As we expected, US President Donald Trump postponed the deadline for raising tariffs on Chinese imports.”
“Trump will meet with the North Korean leader Kim Jong-un this week.”
“PM Theresa May has said there will be no so-called ‘meaningful vote’ on a full Brexit deal, as she is still negotiating with the EU. Instead, there will be another indicative vote on Wednesday, where the MPs will again try to force May to ask for an extension to the deadline. The question is, however, for how long if that is the case.”
“Fed Chair Jerome Powell begins his two-day hearing in the US Congress tomorrow.”
“In terms of economic data releases, we have plenty of important US releases . Housing market data is due out tomorrow, the initial estimate for Q4 GDP growth on Thursday and ISM manufacturing index on Friday.”
“In the euro area, preliminary HICP inflation data is due out on Friday.”
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