Market movers today – Danske Bank

Analysts at Danske Bank suggest that the markets will digest the G20 Finance minister meeting over the weekend and not least comments on the currency front after Trump's tweets criticising the strengthening of the USD and repeating that China and the EU have been 'manipulating their currencies.

Key Quotes

“Trump seems increasingly keen on taking on a big battle with the EU and China and it seems more evident that the US-China trade war is here to stay for some time. Tariffs on autos could still hit the EU (not least Germany).”

“On the data front, we have euro consumer confidence and US existing home sales today. Especially, US home sales may attract some attention after weak housing starts and permits last week flagged a potential housing slowdown.”

“For the rest of the week, we have euro Flash PMI and German Ifo (Tuesday), the ECB rate meeting, US durable goods orders (Thursday) and Q2 GDP for the US (Friday).”