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Another busy week for investors
Stocks
10/07/2019

Another busy week for investors

Late last week, investor sentiment has improved somehow due to generally positive US jobs data which curbed concerns over a potential recession in the world’s largest economy after...

Late last week, investor sentiment has improved somehow due to generally positive US jobs data which curbed concerns over a potential recession in the world’s largest economy after dismal manufacturing and services PMIs.

This week is going to be busy as well, with a new round of US-China trade talks will be in focus. The reports that Chinese officials have narrowed the scope of issues they will discuss at the upcoming trade talks makes investors worried about a chance for a broad agreement between the two countries. As such, market participants will likely be cautious in the days to come, and some negative reaction from Trump may follow.

Apart from trade talks, investors will pay attention to the ECB and FOMC meeting minutes this week. The Federal Reserve will shed the light on its decision to cut rates in September and probably will indicate how the October meeting may play out. Should the central bank hint at another rate cut this month, the greenback will get a hit across the board. However, the general market sentiment will still depend on the trade talks, with lack of progress will hurt risky assets.

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