” Trade-related headlines will continue to drive market sentiment in the week ahead, as investors watch further developments in the ongoing trade spat between the U.S. and its major trading partners.
Trade-war fears have been simmering for months, with investors jittery over the prospects of further escalation in tensions having an impact on the global economy.
Besides trade rhetoric, the monthly U.S. jobs report, which is expected to remain in territory consistent with a strengthening labor market, will be the highlight of the holiday-shortened week.
U.S. markets will remain closed on Monday for the Labor Day holiday.
Meanwhile, market participants will also be looking ahead to monthly trade figures out of China to see if the ongoing conflict with the U.S. had any impact on exports and imports in August. ”