Good Morning, Last week ended on another down note for equity markets as President Trump appeared to be less than impressed with China’s ability to put a deal together. The week was clearly derailed early on when China devalued the Yuan significantly against the Greenback and that saw markets selling off.
Meanwhile, I will also see data out of China on Industrial Production. The last few weeks have seen some OK numbers from China so this one will be a must-see event.
It was a wild week for markets across the board but a great opportunity for traders.
After the Chinese hit back at the US through its Yuan tricks, markets went into full risk-on mode, setting up some excellent opportunities for traders.
This week, will be waiting to see if markets can respond, as well as focusing on a few key data points.
In terms of economic data there is no one big event, rather a series of smaller but still important things to watch out for.