Packed data calendar but trade issues remain the focus
THE start of the month sees the usual packed data calendar but investors will probably focus on trade developments between the US and China, which have been the main driving factor on sentiment in recent weeks.
Tariffs imposed on US$300 billion worth of Chinese imports to the US have been raised from 10 per cent to 15 per cent from Sept 1.
FXTM market analyst Han Tan said: "The heightened barriers to trade come amid US-China trade tensions which have already dragged global growth and market sentiment lower. Any further escalation in the US-China trade conflict will dampen demand for riskier assets, while boosting safe haven assets such as gold and US Treasuries."
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Barclays says it’s winning Asia banking business from US firms
China central bank wants to halt bond-buying spree, not join it
Gold holds steady as investors focus on US Fed meeting
Singapore shares open in the red on Tuesday; STI down 0.3%
Huawei’s pivotal role in the US-China tech war, from 5G to chips
CDL Hospitality Trusts reports 6.8% higher Q1 net property income of S$34.9 million