WEEKLY DIGEST - INVESTEC
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A lack of closure in the US-China trade war remains a key risk with China allegedly wanting tariffs to be rolled back as part of a phase one deal. Here at home in the UK, the general election campaign understandably focused on security after the London Bridge attacks. After a similar attack during the 2017 campaign did not provide the expected boost to the Conservatives’ standing, it is therefore unclear what impact – if any – events will have on public opinion. Overall, the weekend opinion polls seemed to move in Labour’s favour, although most continue to show the Conservatives still on course for an absolute majority, and certainly to be the largest party.
In Germany, Angela Merkel’s grand coalition partner, the SPD, forced out its leader in what may be the beginning of the end of the government. Combined with the fact that Merkel’s already-selected successor as CDU leader is also in trouble and the continued rise in the polls of both the AfD and the Green Party on the right and left respectively, German politics is entering a new and uncertain phase. On Thursday, Saudi Aramco’s stock market listing is scheduled to be priced.