Analysts at Danske Bank suggest that on a day with a few data releases, the market will continue to follow any hints from US and Chinese officials ahead of the ever important trade talks at the G20 meeting in Argentina this coming weekend.
Key Quotes
“Market sentiment remains extremely sensitive after the US administration recently signalled its frustration with the Chinese proposals.”
“Fed Chairman Powell is due to speak at 18.00 CET, which could provide interesting clues about the Fed’s view of the US economy and the rate hike intentions in 2019.”
“Given the sharp fall in oil prices recently, today’s number for US crude oil inventories will be of particular interest.”
“US home sales will also be of interest given the weakening signals from the US housing market, which is one of the only weak spots in the US economy at the moment.”
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