Global trade tensions affect international oil demand. That is what oil cartel OPEC said in its monthly report. The organization says that as a result, the demand for oil increased considerably less sharply in the first three months of this year than previously thought.
The International Monetary Fund (IMF) believes that the European Central Bank (ECB) should continue its monetary support policy for the time being. Reuters reports this on the basis of a document from Brussels that the press agency has seen. According to Reuters, this will be presented next week to the finance ministers of the euro area.
The low interest rates and high outstanding debts pose risks to the stability of financial markets. Due to the low interest rates, there are also few incentives to reduce debts, which can lead to problems if market sentiment becomes negative. This is what De Nederlandsche Bank (DNB) writes in its half-yearly Overview of Financial Stability.
The stock markets in New York are expected to open on Tuesday with small results. Investors are cautiously starting the trading week after a long weekend and are particularly aware of the trading issues between the United States and China. President Donald Trump said during his visit to Japan that his country is not yet prepared to enter into a trade deal with the Chinese. According to him, the...
The oil-producing countries united in OPEC and its partners must do more to balance supply and demand for oil. Global stocks are currently increasing and with that, further action by the cartel seems to be necessary. It’s a vision that the oil minister of the United Arab Emirates shared in his statement.
The stock exchanges in New York closed on Friday with red numbers. The increasing trade conflict between China and the United States remained above the market. This time Beijing is the side that increases the pressure. The news that Washington is going to scrap steel taxes for Canada and Mexico offered insufficient counterbalance.