China opens up to foreign financial firms, Rutte arns UK – no Plan B, US indexes in the green, and OPEC meeting begins.
OECD downgrades global growth, Oil down despite EIA withdrawal, and Spain threatens Brexit over Gibraltar
US: China continues stealing inellectual property, Italy agrees to downsize debt, and Bloomberg expecting more equities drama.
Markets set to recover from sharp weekly losses sparked by rising bond yields.
Bond yields likely to continue driving equity markets.
Putin & Xi signal Trump – US China trade talks may restart, gold out of rut, and ECB, BoE & Turkish interest rates today.
It appears that the ECB have won the war on inflation and are expected (by speculators) to begin tapering back in September. The Bank of Japan had no such luck.
“I closed my eyes, shut my nose, and voted Trump”, a good friend told me. To my question of why, he answered “Because of my business”.
People have confidence in Switzerland’s central bank, and the country has always had a low rate of inflation. The Swiss Franc is the sixth most traded currency in the market.
Banks and financial institutions have been under a lot of scrutiny due to the recession that a lot of parties blame on the banks due to their greediness.