HomeContributorsFundamental AnalysisWeekly Focus - After the New Trade Spat, What's Next for Global...

Weekly Focus – After the New Trade Spat, What’s Next for Global Economy?

May 16 19, 15:03 GMT

Market movers ahead

In the trade dispute between China and US, we expect markets to look for signs of negotiations restarting.
In the US, the preliminary PMI for May is likely to be affected by the weak global backdrop.
In the euro area, the PMI is likely to show a small uptick from the current low level, while the German ifo number may already reflect the trade uncertainty.
In the UK, the EU elections could inflict a heavy defeat on the conservative party and increase pressure on Prime Minister Theresa May to resign.
In Japan, we estimate Japanese GDP fell 0.4% q/q in Q1.

Weekly wrap-up

The trade spat between the US and China has calmed down a bit and markets are looking for a potential new meeting to be set up.
Prime Minister Theresa May plans to attempt to get her Brexit deal through in the week beginning Monday 3 June.
In Germany, Q1 GDP growth rebounded to 0.4% q/q, after narrowly avoiding a recession in H2 18.
Risk sentiment has been fragile this week following the escalation of the trade war.

Full report in PDF.

Stay udpated with our FREE Forex Newsletters

Download our Free Forex Ebook Collection

Danske Bank http://www.danskebank.com/danskeresearch

This publication has been prepared by Danske Markets for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Markets´ research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Markets is a division of Danske Bank A/S, which is regulated by FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright (©) Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.

Featured Analysis

Learn Forex Trading