Danske Daily - 3 July 2018

Published 07/03/2018, 02:22 AM

Market movers today

Today's key event is the Riksbank meeting at 9:30 CEST, where we expect the rate path to be left intact, thus indicating a hike in Q4 (see Riksbank preview , 28 June).

Danish currency reserves data will show whether Danmarks Nationalbank remained side-lined in the FX market in June.

Global markets continue to await the implementation of the tariffs on goods worth USD34bn from both China and the US on Friday, which could trigger a further escalation in the US-China trade war if Trump follows through on his threat to announce tariffs on another USD200bn worth of Chinese goods. See also US-China Trade - Trade war becomes reality as Trump pushes further , 19 June 2018.

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