Market movers today – Danske Bank

Analysts at Danske Bank suggest that it’s going to be another quiet day on the data front, but there will be substantial market focus on developments in Italy, Turkey and the trade spat between China and the US.

Key Quotes

“In Italy, the government's budget intentions for 2019 are catching the attention of the market. Today, there is going to be another government meeting on the budget. Over the past few days, various members of the new government have stated that EU budget rules may not hold back the government's fiscal plans.”

“In Turkey, the lira has stabilised, but the market remains nervy and additional pressures on the currency may prompt central bank action if sustained.”

“In China, the number for the producer price inflation in July is due to be released overnight. Inflation is set to decline modestly to 4.5% in July from 4.7% in June.”