Market movers today – Danske Bank

Analysts at Danske Bank suggest that there are very few potential market movers on the global front today with the Reserve Bank of New Zealand is widely expected to keep the official cash target rate unchanged at 1.75% at today's meeting. 

Key Quotes

“Oil prices are on the rise on supply concerns and this afternoon we will get oil inventory data from the EIA, which may get more attention than usual due to the recent price increase.” 

“US President Trump's 12-day tour of Asia continues with Beijing/China next on the list. This visit should see both trade tensions and geopolitical issues on top of the agenda. In the US, Republican work on sketching a tax reform continues here on the one-year anniversary of Trump's election.”