On the Eve of the G7 Summit

Economic News
07 de jun. de 2018
On the Eve of the G7 Summit

Tomorrow the heads of the G7 countries are set to meet. Donald Trump will meet with key US allies, the Prime Minister of Canada Justin Trudeau and the President of France Emmanuel Macron. In view of the recent actions of the White House on the introduction of new duties the trade relations between these countries are more tense. The Economic Advisor of Donald Trump, Larry Kudlow, described the current situation as a "family quarrel."

Against the background of this argument, in spite of the strong macroeconomic performance of the US economy, the dollar index dropped to the mark of 92.20. The S&P 500 is close to two-month maximums and continues to grow.

The Reserve Bank of India has decided to support the trend and followed by Indonesia, Turkey and Argentina, and decided to increase the interest rate.

Commodity prices remain virtually unchanged from yesterday's session.

The cryptocurrency market is quite active presently and investor confidence shows moderate growth.

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