Lookahead: global services to be hit by trade headwinds?
There may be fears of an economic slowdown, But General Motors will hope its new heavy duty Silverado can drive sales in the U.S. When its released on Wednesday.
But the trade war headwinds blew through January... Where manufacturing slowed around the world... Now this week investors look to see if that's spread to another key economic driver... The U.S. due to release its services PMI on Tuesday, It's a bumper day - as Germany, France, Japan and the UK all release services numbers too.
Before that, the UK's construction PMI comes out Monday, Investors wait to see if difficult Brexit negotiations still drag on the industry.
The Bank of England's also announces its first interest rate decision of the year on Thursday... As the threat of a disorderly Brexit in March looms. Over in Germany, industrial order numbers come out Wednesday, Can it improve on disappointing manufacturing numbers... Showing Europe's powerhouse went through its first contraction in four years this January?
Eyes will also be on trade data from the U.S. Wednesday and Germany Friday, It comes at a crucial time as Trump meets with Chinese leaders in Washington.
Talks have apparently gone well, And the President is open to meeting Xi Jinping soon.