WTO: Partial uptick seen in world trade and output in Q3 2020

According to the latest report published by the World Trade Organization (WTO), global trade and output is likely to seen a partial upturn in the third quarter of 2020.

Additional points

“World merchandise trade likely registered a historic fall in Q2 2020.”

“Additional indicators point to partial uptick in world trade, output in Q3 2020.”

“But L-shaped trajectory - rather than V-shaped - cannot be ruled out.”

Market reaction

The above findings seem to have little to no impact on the market sentiment, as investors trade with caution ahead of the FOMC minutes.

S&P 500 futures hover near record highs of 3,397 while the US dollar remains depressed near multi-month lows of 92.13.