According to analysts at Danske Bank, focus will continue be on the escalation in the US-China trade conflict and notably on the Chinese response to the new tariffs announced by the Trump administration overnight.
“NATO will start its two-day meeting today. While normally not a market mover, US President Trump has been calling for increased contributions from other NATO members. Any disagreement or potential change in the structure/ dynamics of NATO should fuel a risk-off environment. Also, UK political developments are likely to stay in focus.”
“The Bank of Canada is widely expected to hike the overnight rate target by 25bp to 1.50% at its meeting today. Canadian data has been strong lately while the BoC has kept its tightening cycle on hold since January.”
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