Oil prices rise despite their weekly drop for a third consecutive week amid concerns over trade dispute and oil surplus. US-China trade war and the lower oil demand weighed on oil markets.
Tag: rally
A WSJ report about Trump’s intention to prohibit Chinese companies from investing in U.S. tech firms upset the markets. Worries over a worsening trade dispute between the United States and other major economies affected the FX market.
US Secretary of State welcomes Kim Yong Chol in USA, Pyongyang’s senior official and trusted adviser to North Korea’s leader. The North Korean envoy will meet Pompeo in New York to discuss over the scheduled Singapore Summit.
The Italian President rejected the nomination for the appointment of Paolo Savona as Minister of Economy. Savona was nominated by the far-right League and anti-establishment 5-Star Movement (M5S) government coalition. President Sergio Mattarella refused to approve the nomination of Savona because of the latter’s Eurosceptic views and statements. Political and economic analysts expressed fears over Italexit.
UK, France, Germany, Russia have a long way to save Iran Nuclear Deal A long and difficult way needs to be run by the “P5+1 minus 1” (the States) in order to preserve the Iran nuclear Deal (JCPOA) following USA pullout.