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Global Markets Gain on Easing Trade Tensions | Canadian Inflation Data in Focus
Published January 18, 2019
officials are considering rolling back tariffs on China to aid financial
markets. The US Treasury Department subsequently denied this leak. Equity markets
got a sample of what an easing of trade war tensions could mean as markets rose
overnight in Asia and are trading higher in Europe. China has confirmed that
Vice Premier Liu He will travel to Washington at the end of the month for an
additional round of trade talks.
inflation data is due this morning, economists are expecting another drop of
0.4% in the inflation rate for the year-end. This comes as the loonie remains
under pressure, due to the recent sell-off in crude oil.
looking to end the week on a positive note as Japan’s Topix index closed 0.9%
higher, followed by the European Stoxx 600 Index is up by 1.0%. Finally,
S&P 500 futures are pointing towards a gain at the open, with the 10-year
US Treasury yield at 2.766%.
negotiations have once again stalled as Prime Minister May refuses to budge on
specific deliverables as she tries to reach a compromise with parliamentary
opponents. The pound is trading close to 1.2937 against the dollar this