German IP and trade amongst market movers today – Danske Bank

According to analysts at Danske Bank, today, markets will continue to focus on the trade negotiations ahead of the beginning of the US-China talks tomorrow.

Key Quotes

“After the US markets closed deep in the red yesterday, the sour risk sentiment on the back of increased trade uncertainty will also be in focus.”

“In terms of economic data releases, there is not much on the agenda today.”

“In Germany, industrial production data is due out this morning, which markets will scrutinise given the weakness in German manufacturing production in recent months. Given yesterday's downward revision in the EU Commission's growth forecast and soft factory orders, another set of weak data would send bond yields down further.”

“The ECB's Draghi speaks in Frankfurt this afternoon, but it is not expected to be a market mover.”