Markets Insights

Keeping an eye on trade tensions, key data and geopolitics

A steel mill in Farrell, Pennsylvania. Trade tantrum could occur again, after the US said last week it will impose steel and aluminium tariffs on its allies, Canada, Mexico and the European Union, with the countries vowing to retaliate.
A steel mill in Farrell, Pennsylvania. Trade tantrum could occur again, after the US said last week it will impose steel and aluminium tariffs on its allies, Canada, Mexico and the European Union, with the countries vowing to retaliate.PHOTO: REUTERS

Risk appetite is expected to wax and wane as it has recently on 2 fronts - politics and trade

The Singapore bourse may want to put behind the choppy trading that dominated sentiment in past weeks as it heads into the summer but renewed global trade fears could put paid to it, while some attention could shift towards data out of home and abroad this week.

It may help a tad that US stocks had rallied last Friday on the back of positive United States jobs growth data that topped expectations but this may not be enough to take the attention away from global trade war worries.

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A version of this article appeared in the print edition of The Straits Times on June 04, 2018, with the headline 'Keeping an eye on trade tensions, key data and geopolitics'. Print Edition | Subscribe