Nominated for the understatement of the year UK PM May is speaking about G7 meetings: – Was clear there was some debate and disagreement – G7 agreed to maintain sanctions on Russia The video display of the PMs comments can be found HERE
Comments by Steffen Seibert, chief spokesman to German chancellor Merkel Continues to show that the trade dispute between the two won’t be resolved any time soon. The US isn’t going to go through any WTO settlements, so unless the EU decides to head to the negotiating table, expect this tit-for-tat to continue.
Italian new economic minister Giovanni Tria sparks the sharp moves The Italian markets are on fire after the new economic minister, Giovanni Tria said the country’s new government is committed to the euro.
The ever changing landscape The US treasury website is reporting that the US has issues more Russian sanctions related to cyber activity under 2017 las They also:
Comments from sources and participants Source: – G7 leaders trade session had dome emotions, but civilized, and diplomatic – G7 leaders presented Trump with facts and figures. Trump countered with his own different data and did not budge on position Macron:
Trump arrives in Singapore Well, the G7 summit did not end all that well, with Pres. Trump singling out Canada’s Trudeau (so far at least in his tweets).
ArticleBody Via Reuters
USD/CAD is higher than late Friday levels. All was going well after the G7 until This Trump tweet: So, US not endorsing the Communique. Trump singling out Canada. Truing a bit of divide and conquer but that is not going to wrok.
Good morning, afternoon or evening & welcome to Monday morning. Usual reminder! Monday morning market liquidity is very thin. Prices can swing around on not too much at all, so take care out there. Liquidity improves as more Asian centres come on online. And, an unusual reminder – it will be thinner for longer today with market holidays…
This data point not usually a big impact immediately on the forex for New Zealand – total volume of manufacturing sales +1.4% q/q – prior +1.5% Nine of the 13 manufacturing industries had sales rises in the March 2018 quarter