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Analysts at Danske Bank suggest that we have a fairly quiet day and week on the data front (the most important releases are inflation numbers in the US and the euro area on Friday), so market attention will focus most notably on the trade tensions between the US and its big trading partners Europe and China.

Key Quotes

“On the trade issue, we will watch for any reaction from Europe on Trump’s pledge to levy tariffs on European car imports. Another important event is Saturday 30 June, when the US government is set to announce plans for restricting Chinese investments.”

“On the European side, the European Council meeting on 28-29 June will be an important event to watch out for, as to whether the German government crisis is resolved with European agreement on immigration, what line the new Italian government will take and possibly for the Brexit process.”