After a break from the Brexit saga due to Easter break, the British government will continue its talks with the Labour Party on the matter.
The financial world woke up this morning to the news that oil prices have speared up by more than three percent. This is the highest level that oil prices have seen since November last year.
Things were shaken up in the European stock market yesterday, as shares in this market "ended higher as short covering kicked in ahead of a long Easter weekend," according to Reuters.
The index sums up inflation and unemployment outlooks for 62 economics. This year the index relied on Bloomberg economist surveys, while in previous years the index was complied with the use of actual data.
The current US economic situation, according to the Beige Book report released last night, shows that economic activity expanded at a slight-to-moderate pace in March and early April.
The 2019 growth forecast from the German government was cut for the second time in three months today. This decision points to the fact that the Germany economy is slowing down due to a recession in the manufacturing sector.
As China's economy has grown at a steady 6.4 percent pace in the first quarter of 2019, compared to last year, the government now has legroom to move as trade negotiations with the U.S. are now at a crucial level.
The minutes of the Monetary Policy meetings of the Reserve Bank of Australia, released this morning, showed that growth within the domestic environment has slowed in the second half of 2018, compared with the first half.
As Brexit still seems a long way off, the cost of the Brexit chaos to a number of leading companies in Britain are mounting up.
The International Energy Agency (IEA) has announced that global oil markets are tightening as OPEC supply falls. Economic threats, as cautioned by the central banks, could also lower demand forecasts.
The decline in demand could last until the end of the year, according to Bloomberg, as Saudi Arabia and its partners curb production. Exports from Venezuela and Iran are also tightened due to economic and political crises.
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