Markets Insights

US economic indicators set to play bigger role

Rolls of aluminium at a factory in Zouping in China's eastern Shandong province. Earlier this year, the US levied tariffs on steel and aluminium from China and elsewhere. With both countries appearing willing to re-enter into trade talks, attention w
Rolls of aluminium at a factory in Zouping in China's eastern Shandong province. Earlier this year, the US levied tariffs on steel and aluminium from China and elsewhere. With both countries appearing willing to re-enter into trade talks, attention will be focused on US economic indicators.PHOTO: AGENCE FRANCE-PRESSE

All eyes will be on US corporate earnings reporting season and release of key data

Concerns over trade tensions between the United States and China continue to haunt the stock markets, but US economic indicators are set to play a greater role this week.

IG market strategist Pan Jingyi said that while the latest move on tariffs by the Trump administration dominated headlines the past week, "the lack of follow-up from China's end appears to have placated markets".

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A version of this article appeared in the print edition of The Straits Times on July 16, 2018, with the headline 'US economic indicators set to play bigger role'. Print Edition | Subscribe