Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

A MACRO MINUTE: Macron and May discuss Brexit, China looses its 2nd place ...

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/03/2018 | 12:34pm CEST

Every day we review the macroeconomic and geopolitical news that are impacting financial markets around the world. For once, Donald Trump isn’t the center of attention. Europe is focused on the upcoming meeting between Emmanuel Macron and Theresa May. In the rest of the world, China’s has lost of its second place while the Zimbabwean election is slowly turning into a conflict. Here are the main events of the day, updated regularly.

Donald Trump. The US President received a letter from his North Korean counterpart yesterday, without revealing its content. Trump took the opportunity to salute the gesture of Kim Jong-Un, who authorized the repatriation of American soldiers' corpses who died during the Korean War. However, a second Trump-Kim summit is not yet on the agenda.

Brexit. Emmanuel Macron is receiving Theresa May in his summer residence in Brégançon today to discuss Brexit, as negotiations are currently at a standstill because of disagreements in Britain between supporters of a "soft" Brexit and those of a "hard" Brexit. The Elysee however, said that this meeting is not intended to replace the negotiation process led by Michel Barnier. The meeting starts at 6:15 pm.

China. A first since 2014: China gave up its 2nd place to Japan in terms of total valuation of its stock exchanges. Because of the strong commercial tensions with the United States, Chinese places are in free fall since the start of the year. On the contrary, the Japanese equity market is doing well thanks to the strong quarterly results of Japanese companies.
 


The evolution of the valuation of Chinese and Japanese stock exchanges (Source: Bloomberg)

Turkey. The meeting between US Secretary of State Mike Pompeo and his Turkish counterpart has resulted in a tacit agreement: the two countries will continue their efforts to appease and stop the escalation of sanctions following the detention of a US pastor. A good point for Turkey, whose currency hit an all-time low against the dollar yesterday.

Zimbabwe. The presidential elections were supposed to remain trouble-free, but that was then. The ruling President – who has taken over after the departure of Robert Mugabe - has declared himself the winner of the ballot this morning. His opponent challenges the results, in a context of violence during the vote count in several cities in the country.
Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.45% 25299.92 Delayed Quote.1.90%
NASDAQ COMP. 0.65% 7870.8945 Delayed Quote.13.27%
S&P 500 0.64% 2839.96 Real-time Quote.5.97%

Floriane Rousseaux
© MarketScreener.com 2018
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
04:33aUK inflation rises for first time in 2018, London house prices weakest since 2009
RE
04:31aLong-acting injection a shot in the arm for GSK's HIV business
RE
04:29aEUROPE MARKETS: European Stocks Inch Higher As Turkish Lira Extends Rebound
DJ
04:22aTurkey to Raise Tariffs on U.S. Products - Update
DJ
04:16aURANIUM ONE : Financial Results for the Quarter and Six Months Ended June 30, 2018
PU
04:15aTurkey doubles tariffs on some U.S. imports; Turkish lira rallies
RE
04:14aMANAGEMENT TRACKS : Cheng departing Gilead as CMO
AQ
04:12aTurkey doubles tariffs on some U.S. imports; Turkish lira rallies
RE
04:12aEurope Stocks Tick Higher as Lira Extends Gains
DJ
04:06aDollar hits 13-month high as Turkey crisis rumbles on
RE
Latest news "Economy & Forex"
Advertisement