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Market outlook July

Following the G20 in Osaka, it became clear that the US and China will return to the negotiating table after a meeting between Trump and Xi Jinping. A joint declaration from the G20 members acknowledged that protectionism and tariffs have been intensified, but did not discuss protectionism and tariffs in specific terms. The members also agree that they will strive to maintain fair free trade. Sceptics, on the other hand, point out that it may take a while for a trade agreement to actually materialise. Some also believe that the parties are too far apart, so that the negotiations will collapse once again. Nevertheless, the general tone of the meeting still seems positive.

» Read our market outlook for July

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DNB Luxembourg has provided private banking and investment advice to customers in Europe for more than twenty years. We have in-depth knowledge of local markets. Our banking operations are based on Norwegian values and experience dating back to the establishment of the bank in 1822.

Luxembourg is the largest private banking and financial market in the EU, the second largest investment fund management market globally after the US and  the world’s ninth largest financial centre. Luxembourg is an international hub with outstanding investment conditions and a safe background.

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DNB Luxembourg S.A. customers have the responsibility to assess and fulfil any reporting obligations towards the (tax) authorities of the country of (tax) residence regarding the assets deposited with the Bank and the income derived thereof.

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