EU, Brexit and Kim will probably keep us busy this week

Weekly Report - 25/02/2019

Geopolitics Head the Week


This is another important week. At the start of the week we will see the picture becoming clearer on whether the EU will release the pressure towards the Irish border.

Another important event is the fact that on Wednesday and Thursday the U.S President Trump and North Korean Leader Kim Jong Un are going to meet. The markets will be watching for clues regarding the progress on denuclearization.

The Week that was

Last Thursday US Stocks fell after the report of very weak U.S. economic data and the ongoing trade discussions between the U.S and China. The Dow Jones Industrial Average dropped 103.80 points to 25,850.62. While the popular NASDAQ Composite dropped 0.4% to 7,459.70. The S&P 500 fell more than 0.3% to 2,774.87. Last Friday Oil fell following the report of the United States that its crude production scored a record of 12 million barrels per day.


Main Focus This Week

The attention through the week will be on Brexit, economic releases, U.S-China Trade talks, the U.S – North Korea Summit, FED Chair Powell’s testimony. The trade discussions are now officially extended, with China and the U.S speaking about positive developments. Now regarding the Brexit deal, on Tuesday Theresa May will speak to Parliament and then on Wednesday the Parliament will discuss the Brexit deal.


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