G20 to remain in focus over the weekend - Rabobank

Michael Every, Senior Asia-Pacific Strategist at Rabobank, suggests that we have the G-20 in Hamburg over the weekend and it will be keenly watched by investors globally after the recent escalation in geopolitical tensions.

Key Quotes

“Watching how host Angela Merkel balances the demands of President Trump, especially after the speech he gave, and of President Putin, and of President Xi is likely to prove more compelling viewing for markets than the average summit – especially given the background of central banks suddenly pulling the carpet out from under them all. Indeed, with the North Korean and Saudi-Qatari crises still playing out, and ‘Russia-gate’ swirling endlessly in Washington, and with this being Trump and Putin’s first face-to-face meeting, who knows what to expect.”

“The Trump-Putin awkward handshake is certainly going to get camera bulbs flashing: will the two find some rapprochement over their core views/interests, or will US-Russia relations deteriorate further from the current low? And what of US-China relations? We will have to watch and see.”