Prospects of the United Kingdom leaving the European Union without sealing a withdrawal and post-departure trade deal have dangerously risen since the coming to power of one of the key architects of Brexit, Boris Johnson at Number 10.
Frenchwoman Christine Lagarde is set to succeed the long-shadowed Italian man Mario Draghi as the next European Central Bank (ECB) President.
The US Federal Reserve increased interest rates by 25 basis points 4 times in total throughout 2018, most recently in December. The rumors that Trump was pondering to dismiss FED President Powell disturbed the markets. Another issue the markets were focused on was Fed’s pledge to be patient about future interest rate hikes after the January meeting. Fed Chairman Jerome Powell’s dovish statements played a decisive role in the market movements for some time. However, the FED announced a reduction in pace as it prepares to end the balance sheet downsizing.
The United States and China have agreed to a second ceasefire in their long-running trade war at the G20 summit in Japan’s Osaka in the late June 2019, which has pumped optimism to the world markets from Asia to America. US President Donald Trump's and his Chinese counterpart Xi Jinping’s decision was relieving.
Turkey continues to grapple with fierce US objection to its purchase of S-400 defense system acquisition from Russia. In Turkey, where a neutral monetary policy is in charge, US pressure on Ankara to cancel the buying of Russian missiles is changing the market direction.
A protracted trade war between the world’s two largest economies, China and the US, continues to frighten markets and investors around the globe. As such it has added much to the appeal of the precious metal as the world’s favorite safe-haven investment.
The European Central Bank laid forward its most recent pathway after its policy meeting on Thursday. President Mario Draghi ruled out any post-crisis rate hikes for at least the first half of 2020 but also did not join a bandwagon of central banks setting out for rate cuts. The ECB instead insisted on engaging in asset purchases in order to support the slowing Eurozone economy.
The United States is all but ready to slap sanctions on Turkey unless the latter cancels its purchase of S-400 missiles from Russia until the first week of June, raising stakes in the already high tensions between the two NATO allies.
With the announcement of Prime Minister Theresa May on Friday that she is resigning on June 7 from the leadership of the ruling Conservative and Unionist Party along with the country’s premiership, the contest has opened for a new name to lead the Tories and the United Kingdom.
Voters across 28 European Union member states are going to the polls this week in a nearly continent-wide round of elections starting from May 23 and lasting until the 26th. Europeans will be casting ballots for thousands of candidates who vie for 753 seats at the Brussels-based European Parliament.