Flash May PMI surveys to provide new insights on global economy
May 18, 2018 13:31 pm UTC| Commentary
The monthly round-up of PMI news comes at a time if increased focus on survey data. The publication of flash PMI surveys for the euro area, U.S. and Japan would be released next week and will give the markets significant...
Global Geopolitical Series: EU to offer greater market access to U.S. to avert trade war
May 18, 2018 12:54 pm UTC| Commentary
After meeting in Sofia, Bulgaria, 27-member strong European Union leaders decided to take up steps to avert a direct trade war with the United States, where Trump administration has been at loggerheads with the European...
May 18, 2018 12:27 pm UTC| Commentary
Turkey on Friday called on Muslim countries to enhance steps to prevent other countries around the world to follow U.S. decision to shift its Israeli embassy from Tel Aviv to Jerusalem at the beginning of an extraordinary...
Global Geopolitical Series: U.S. and China take up steps to diffuse trade tensions
May 18, 2018 12:10 pm UTC| Commentary
Vice Premier of the Republic of China has arrived in Washington on May 15th. He his Chinese President Xi Jinpings special trade envoy to the United States. He would be staying in the United States for five-day talks to...
U.S. Treasuries mark silent end to trading week ahead of few FOMC members’ speeches
May 18, 2018 11:05 am UTC| Commentary Economy
The U.S. Treasuries remained tad higher Friday ahead of the Federal Open Market Committees (FOMC) members Brainard and Kaplans speech scheduled for today at 13:15GMT respectively. The yield on the benchmark 10-year...
Global Geopolitical Series: Will North Korea’s Kim negotiate with gun pointed at head?
May 18, 2018 11:03 am UTC| Commentary
As North Korea canceled a preparatory inter-Korean meeting earlier this week citing displeasure with the massive military drills between South Korea and the United States and threatened to cancel the much-anticipated...
Global Geopolitical Series: Palestine aims for statehood recognition by joining several UN agencies
May 18, 2018 10:18 am UTC| Commentary
According to reports, Palestinian Authority (PA) led by its President Mahmoud Abbas plans to submit applications to join three UN organization to secure its claim of a separate statehood. According to an unnamed PA...