G20 meeting: No high expectations – Nordea Markets

According to Tuuli Koivu, Research Analyst at Nordea Markets, trade disputes will be high on the agenda at the G20 meeting on 30 Nov-1 Dec.

Key Quotes

“After the birth of the new North American deal earlier this autumn, progress in bilateral negotiations seems to have been small and communication has been confusing, not least because of President Trump’s tweets.”

“We do not expect the G20 meeting to change the outlook dramatically in a more positive direction. Results from the meeting will likely be small but it will still be interesting for two reasons. First, we may see the US, the EU and Japan take a more common stance towards China. Second, Trump’s personal involvement may bring surprises.”