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Global markets await three important economic events
14/5/2018 12:00 am [rtl] Capitals / follow - up to the morning watching the world markets three important economic events this week as an advertisement economic growth and production data members of the Organization "OPEC", where he is scheduled to Germany and Japan announce economic growth data for the first quarter of this year, and is expected to be disclosed data OPEC "on production for the month of April, along with trade talks expected between Washington and Beijing. OPEC is due to announce on Monday the Organization of Petroleum Exporting Countries, "OPEC" monthly report on crude production, and production has seen a decline in March by 201 thousand barrels per day to 31.958 million barrels per day. Production in Angola and Venezuela contributed the biggest decline in the last month of the first quarter of this year by 81.7 and 55.3 thousand bpd, respectively. In a separate context, the organization had warnings about the US withdrawal from Iran's nuclear deal, and the Secretary-General of the Organization that any factor that may limit the smooth management of the oil industry, will not be in the interest of the global economy. According to Mohammed Barkindwa, the rise in prices was driven by volatility, sometimes due to geopolitical tensions. Economic growth A group of countries will unveil economic growth data this week, including Germany and Japan, and the eurozone and Germany are due to release data on economic growth for the first quarter of this year. Forecasts indicate that gross domestic product (GDP) in Europe's largest economy will fall in the first three months of this year by 0.4 percent on a quarterly basis, from 0.6 percent in the previous quarter. The eurozone is the second reading of economic growth, and the economy is expected to grow by about 0.4 percent on a monthly basis, the same as the first estimate. Earlier this month, Eurostat data showed that the euro zone economy grew by 2.5 percent year on year, up from 2.8 percent in the fourth quarter of last year, the first economic slowdown in eight quarters. In Japan, GDP data for the first quarter of 2018 are expected to be released on Wednesday, amid expectations of stability, after growing 0.4 percent in the fourth quarter of 2017. Trade talks China's vice premier is scheduled to visit Washington for talks Trade with the US Treasury Secretary this week. The US Treasury Secretary led the delegation to include the trade minister on a visit to Beijing this month to discuss trade issues between China and the United States. US Commerce Secretary Wilbur Ross said last week progress had been made in talks between Beijing, Washington and the United States, although some barriers existed. Wilber Ross believes that the barriers are that China is one of the biggest protectors, but at the same time he stressed that trade negotiations with China include in part China making more goods from the United States. The trade relations between the United States and China have been complicated in the past period after the dispute between the two countries because of the issue of tariffs applied by each country on imports from the other state, and both of their adherence to the right to maintain the integrity of their trade balance [/rtl] [rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=157037 [/rtl] |
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