The top 10 events in the global economy last week

The top 10 events in the global economy last week


19/08/2017



Investors around the world have been interested in the Fed and ECB meeting this week, revealing the direction and outlook of the two banks towards the performance of the economy and monetary policy expectations.

The Fed's record showed a split among members about the pace of rate hikes, while the ECB's report justified the recent interest rate fixing not to develop inflation.

Last week, global markets were also dominated by the return of political tensions to the administration of US President Donald Trump after the abolition of two advisory boards and the termination of the White House's top strategic adviser.

Energy Information Administration expects US oil production to rise
The Energy Information Administration (EIA) forecast that the US  oil production will increase by 117,000 barrels a day by the end of 2017 .

Germany's economy is growing at the highest pace in 3 years in the second quarter

Germany's economic growth recorded the best quarterly performance in three years in the second quarter of this year on an annualized basis .

US household debt jumps to new record high

US household debt rose to a new record high in the second quarter of this year as car loans increased .

Economic growth in the euro area increased in the second quarter

The growth rate of the euro-zone economy rose during the second quarter of 2017, in line with analysts' expectations

Trump cancels two advisory boards following resignations

US President Donald Trump announced the abolition of two advisory councils following the resignations of members of the Presidential Industrial Council in protest of events in the city of Charlottesville .

Gold production falls to its lowest level since the global crisis

A US analyst said the supply of gold from mines has declined "significantly" during the current year, which may raise the price of precious metal globally .

The Fed's record shows a split over the pace of rate hikes

The Federal Reserve's record of last July's meeting, the split of members on the pace of rate hikes, showed that inflation in the world's largest economy was slowing .

ECB: "There are no convincing signs of improved inflation "

The minutes of the European Central Bank's monetary policy meeting showed that its decision to stabilize the interest rate was the result of the absence of any constant adjustment to the core inflation rate .

Close 5 US oil drilling platforms

The number of oil drilling platforms in the United States fell this week, a good sign of global crude prices .

UPDATE: Senior White House adviser dismissed from office

The White House announced the exemption of the senior strategic adviser from his post, "Steve Bannon," in confirmation of press reports that spoke of the decision earlier . C

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