Investors will continue to keep an eye on trade developments and their impact on markets, but Donald Trump’s visit to the UK, monetary policy from a number of central banks and Theresa May’s resignation are other notable events on the calendar.
Here’s what to watch:
Trump’s UK visit
President Trump will be hosted by Queen Elizabeth II on a state visit. He is also expected to meet outgoing prime minister Theresa May. The visit may also provide an opportunity for Mr Trump to threaten to limit intelligence-sharing with Britain if the UK government lets Chinese telecoms group Huawei build part of the 5G network.
Widespread protests are expected in the UK. The Stop Trump Coalition — formed ahead of Mr Trump’s last UK visit — is planning a “noise protest” involving pots and pans outside Buckingham Place during the banquet.
US employment
The labour market remains one of the bright spots for the US, which was seen a mixed batch of data in recent weeks. Economists expect the world’s biggest economy to have added 183,000 jobs in May and for the unemployment to remain steady at a historically low level of 3.6 per cent.
Other US economic data this week include: factory orders on Monday; private sector payrolls, services sector activity and the Federal Reserve’s so-called “Beige Book” on Tuesday and; trade balance on Thursday.
European Central Bank (more…)
