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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Trump's attack on OPEC tops the most important events in global markets today

    Rocky
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    Trump's attack on OPEC tops the most important events in global markets today Empty Trump's attack on OPEC tops the most important events in global markets today

    Post by Rocky Fri 20 Apr 2018, 6:28 pm

    Trump's attack on OPEC tops the most important events in global markets today





    2018/04/21 02:24

    (Encyclopedia of this Day News | Iraq News ) - From - Sally Ismail:

    As usual, US President Donald Trump shudders global markets to be the biggest event by the end of Friday, but this time it was an attack on OPEC.

    Losses on most of the stock indexes on the global stock exchanges also hit the session, but that did not prevent a weekly gain.

    Trump Trick

    In a surprise move, Trump turned messages of trade or geopolitical status into a sharp attack against OPEC, calling the oil price rise artificial and unacceptable.

    Officials from the Organization of Petroleum Exporting Countries (OPEC), as well as Russia, commented on Trump's comments, which were a clear rejection of such accusations.

    OPEC's secretary-general Mohamed Barkindo said the agreement to cut oil production had halted the collapse of crude prices globally, while Russian Energy Minister Alexander Novak said the market was the main determinant of prices.

    He also stressed that his country may not support the OPEC agreement until the end of 2018 and that the market situation is the main determinant of it.

    By the end of today's session, oil prices recovered relative to weekly gains, after falling significantly on the back of the US president's comments.

    On the other hand, oil exploration platforms in the United States continue to climb for the third week in a row.

    In the commodity market, gold fell weekly for the first time in 3 weeks, as geopolitical fears and dollar strength eased.

    Indicators and figures

    In closing, US stock indexes retreated with technology losses, but gained gains during the week ending today.

    The Dow fell more than 200 points in the latest session this week on the back of Apple's sharp fall after disappointing outlook on sales.

    In a sign of a possible economic recession, according to a Fed member, the yield on 10-year US Treasury bonds rose to its highest level since January 2014.

    Although European stock indexes were mixed at the end of the session, they managed to achieve their fourth weekly gain in a row.

    Consumer confidence in the euro area rose in April, the preliminary reading, contrary to estimates.

    Meanwhile, Japanese stocks fell at the end of the session, while Nikkei gained gains this week.


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