The top 10 events in the global economy last week

The top 10 events in the global economy last week

Federal Reserve Chairman Janet Yellen and her European counterpart, Mario Draghi,
26 August 2017 06:46 p
Mubasher: Rising expectations have dominated the possibility of the US government to close the attention of investors around the world, as the dispute over the budget for 2018.

The markets interacted with the statements made by political policymakers at the Jackson Hole conference held since Saturday.

The dollar fell sharply after Federal Reserve Chairman Janet Yellen's remarks, while the euro hit the greenback's highest level since January 2015 following ECB President Mario Draghi's speech.

Emerging market funds record the largest cash outflow in 2017

The current political and geopolitical tensions in the world have contributed to the rise in cash flows outside emerging market funds to their highest level since the beginning of this year .

OPEC output to drop 419,000 barrels in August

A special survey showed that intra-OPEC supply of oil has decreased by 419,000 barrels per day this month, supported by a fall in Saudi exports and a reduction in production from other countries .

Britain records first surplus budget in 15 years

Data released by the National Statistics Agency showed that the public sector in the UK achieved a surplus of £ 0.2 billion in July, against a deficit of £ 0.3 billion in the same period of 2016 .

The value of the largest sovereign fund in the world exceeds one trillion dollars

The world's largest sovereign fund has jumped to over $ 1 trillion, with stock market gains around the world .

Trump: "I will build the wall of Mexico even if we close the government "

The US president said he was ready to close the government to finance the separation wall between his country and Mexico .

" Fitch": the US credit rating is at risk because of the "debt ceiling "

The Fitch Ratings Agency has announced that it will review the US debt rating if no agreement is reached on raising the debt ceiling and passing the new budget bill .

Lifting estimate the storm "Harvey" to the hurricane hits the Gulf "Texas "

The US National Hurricane Center confirmed that it had raised the estimate of Tropical Storm "Harvey" to a hurricane, which is expected to hit the coast of the Gulf of Texas.

US equity funds record the longest exit wave in 13 years

US equity funds last week posted the biggest exit in 13 years, in line with political tensions in Washington .

"The US economy is more secure thanks to regulatory reform

The Federal Reserve Chairman said that the US economy is currently safer, given the period of the global financial crisis .

The number of oil drilling platforms declined for the second week in a row

The number of US oil drilling platforms fell this week, marking the second consecutive decline, in a move that could support crude prices .

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