US-China trade talks to remain focus this week
LAST week, sentiment wavered greatly on worries that the resilient US economy is showing signs of a slowdown, with most now anticipating the US Federal Reserve to lower interest rates during its October meeting. With that in mind, investors are likely to look to the slew of Fed speeches this week as well as minutes from last month's meeting for clues to whether such a move could be made.
More importantly, market watchers will be looking to the 13th round of high-level US-China trade talks on Thursday and Friday as a key event that could shape risk appetite until year's end.
FXTM market analyst Han Tan said: "Should this week's trade talks come to naught, that could fuel more risk aversion and dampen demand for riskier assets, amid escalating concerns over the global economic landscape."
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
Block raises annual forecast on resilient consumer spending
Live Nation’s revenue beats estimates as boom in concerts drive ticket sales
Apple profit ebbs as iPhone sales under pressure
DBS customers unable to log into digibank, PayLah! on Thursday
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Amazon bets big with CrowdStrike on cybersecurity products