Norges Bank and US-China trade amongst market movers today – Danske Bank

Analysts at Danske Bank expect Norges Bank to stay on hold at today's meeting (in line with consensus), as it is one of the interim meetings without a monetary policy report or press conference, just a press release.

Key Quotes

“US-China trade talks continue today, as China's top trade negotiators are in Washington today and tomorrow. While we previously thought there was a high likelihood of concluding the negotiations this week, uncertainty has risen. The two sides are blaming each other for the current deadlock and it is a real risk Trump is going to raise tariff rates tomorrow, as officially notified by the Trump administration.”

“In the US, we have a few Fed speeches today including Powell's opening remarks at Fed Community Development Conference. We do not think the Fed is going to change policy signals, as it is firmly on hold for now.”