Analysts at Danske Bank suggest that a key focus point today will be the start of US and Chinese officials' mid-level trade talks in Beijing with a light economic calendar ahead today.
Key Quotes
“These talks will probably pave the way for more high-level negotiations later in January, where President Trump could meet with Chinese Vice President Wang Qishan at the World Economic Forum in Davos. This week, we should also look out for an announcement on tax cuts for consumers and companies, which have been well signalled by Chinese leaders.”
“In the US, given the recession fears in financial markets, focus will be on today's ISM non-manufacturing index. The index remains at a very high level, indicating the economy is doing fine, but any substantial decline will be taken as a further indication of a slowing US economy.”
“In the UK , this week will see the start of the Brexit debate ahead of the vote in the House of Commons - the vote is scheduled for the following week beginning on Monday 14 January (the vote will probably take place on Tuesday or Wednesday).”
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