Market movers ahead
- This week’s highlight is the much awaited Trump-Xi meeting at the G20 meeting on Friday – Saturday. Odds are rising for a ceasefire (again) in the trade war.
- It is a slow week for global data, with the most important figure being the euro inflation print on Friday.
- The change in central bank tunes will be the talk of the town in financial markets.
Weekly wrap-up
- Central banks in the euro area and the US sent a clear signal this week that they are getting ready to step on the gas to underpin growth and inflation.
- The Fed joined the dovish choir on Wednesday.
- On the US-China trade war we received the first positive news for a while.
- Tensions between the US and Iran continue to run high.
- In the UK it looks as if Boris Johnson will become the new leader of the Conservative Party and Prime Minister.