According to analysts at Danske Bank, market focus continues to be on news on the US-China trade front as we close in on a deal and meeting between US President Donald Trump and Chinese President Xi Jinping.
“When we get a date for the summit between the two it should be clear a deal will be made.”
“The National People’s Congress in China that kicked off overnight will also be watched for any announcements on new stimulus and signs on the reform side. Some first hints regarding this overnight.”
“On the data front, we have service PMI and retail sales out of the euro area and ISM non-manufacturing and new home sales in the US. The service sector has generally held up well lately whereas the weak link globally has been the manufacturing sector.”