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The Week Ahead

The U.S.-China trade talks continue this week, with the Financial Times reporting “The talks come after US president Donald Trump insisted that far-reaching structural economic reforms had to be part of any “real deal” to end the trade war.

The deadlock has raised pressure on Mr. Trump to delay the March 1 deadline to arrive at a deal and avoid an escalation in tariffs on $200bn of Chinese imports.” On the U.S. economic calendar this week, we’ll get new figures on durable goods orders, existing home sales, leading economic indicators, and the minutes of the last Fed meeting. The consensus forecasts are that durable goods order advanced 1.3% in December and existing home sales rose to 5.05 million units at a seasonally adjusted annual rate in January. Overseas, Theresa May heads back to Brussels for additional Brexit talks while Germany reports on GDP, producer and consumer price inflation, and business confidence. Have a great week and don’t miss next week’s ISRI Market Report for a recap of the week’s key economic, trade, commodity, and scrap market highlights!

WeekAhead

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