الأخبار الأقتصادية

With it being a UK and US holiday, it is akin to an extended weekend for markets in general. As such, there aren't any major expiries to take note of on the day. That said, the big news over the weekend comes from Trump's flipping and flopping over EU tariffs. On Friday, he said that he will be pressing the EU with 50% tariffs on 1 June. Then now, he's saying that he will leave it to 9 July with negotiations in the meantime. So, that is what's driving trading sentiment to start the week.

Given the lack of other items on the agenda today, it's all about headline risk before things pick up tomorrow ahead of month-end.

For more information on how to use this data, you may refer to this post here.

This article was written by Justin Low at www.forexlive.com.

Chinese Premier Li Qiang spoke in a symposium with Chinese firms in Jakarta over the weekend. Info from state news agency Xinhua, via Reuters:.

• China is weighing new policy tools in the face of an international economic and trade order that is "under severe impact"
• "The fragmentation of industrial and supply chains has deepened, and trade barriers have increased, which has had a great impact on the economic development of all countries"
• China is studying new policy tools, including some "unconventional measures", which will be launched as the situation changes
• China will continue strengthening economic cooperation with more countries

Li is on a three-day visit to Indonesia until Monday and will then travel to Malaysia for the ASEAN-GCC-China Summit.

This article was written by Eamonn Sheridan at www.forexlive.com.

Chinese equities are likely to gain further support from a strengthening yuan, which has remained resilient despite ongoing trade tensions with the US, according to Goldman Sachs strategists.

They noted that for every 1% rise in the yuan against the US dollar, Chinese stocks could climb about 3%, driven by improved earnings prospects and increased foreign investment. Goldman recently revised its 12-month yuan forecast to 7 per dollar, up from 7.35.

• “Chinese stocks usually perform well when the yuan appreciates,”
• GS maintain an overweight view on the market.
• Sectors such as consumer discretionary, property, and brokerages are seen as key beneficiaries of a stronger currency.

This article was written by Eamonn Sheridan at www.forexlive.com.