US: State of the Union in line with expectations – Deutsche Bank

Sandeep Kanihama FXStreet Contributor

According to analysts at Deutsche Bank, US President Trump’s State of the Union address was mostly in line with expectations, and contained a wide-ranging discussion of policy issues.

Key Quotes

“On the topics most relevant for markets, Trump did not declare a national emergency or give a firm signal on whether he plans to push for another government shutdown when funding lapses next week. He spoke positively about trade talks with China, but he also endorsed the success of his tariff policy. Trump also announced a new summit with Kim Jung Un for February 27-28.”

“Elsewhere, Dow Jones reported that the US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are going to lead the trade talks in Beijing starting early next week with it likely to pave the way for a meeting between Mr Trump and China’s President Xi Jinping subsequently. The report also added that China has agreed to widen areas of discussion for trade talks to include hacking.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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