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According to analysts at TD Securities, this week, while trade negotiations will likely dominate headline risks with Mnuchin and Lighthizer headed to Beijing with higher level intellectual property talks in focus, it will also be a week full of noteworthy macroeconomic data.

Key Quotes

“With the world looking to China for insights into global growth, Chinese credit data will be interesting, along with trade data, CPI and PPI later this week. Meanwhile, the market will also look towards Q4 GDP in Germany, as EU data continues to disappoint, along with US inflation and retail sales data.”

“Several Fed speakers including Powell, will also keep traders on their toes, although we do not expect any fireworks on this front.”