Global trade tensions amongst market movers today – Danske Bank

Analysts at Danske Bank suggest that with no significant market movers on the agenda today, the focus will be on new signals from China and the US in the ongoing trade war after Chinese authorities pledged on Friday to impose tariffs on USD60bn of imports from the US in retaliation to US trade restrictions.

Key Quotes

“In the euro area, the Sentix investor confidence indicator will be released with market consensus expecting a slight increase to 12.6 in August after declining significantly for most of 2018.”

“The Italian government bond market has been under a lot of pressure in recent weeks given the uncertainty on fiscal policy. On Friday, the Italian government held a meeting on the budget, but so far we have not had any details on the deal, and according to the Italian Minister of Finance, the deal will be published in September.”