Lends a 2nd hand to break down this and other major developments in the euro zone and later 2019 has been a shining year for gold as the price has jumped on economic turmoil David Mckelvey any of the National Media financial help us to get in the sector and how its been competing against other asset we have so much to get to today lets go. Stocks are falling across the board from their all time highs monday the penultimate trading day of the year equities have enjoyed a strong December Santa rally and Oil Prices Continue to trade higher on china u. S. Optimism the pullback today is most likely due to the fact markets are in the midst of a liquidity a news desert during those final few days of the year chinese vice premier and top negotiator leo will visit washington this week where he is expected to sign phase one of the agreement however a political concerns continue to bubble in the background as neither side has released any specific details of the trade agreement and no text has be
Agreements. I think this a bit more complicated the chinese understand that they get some real immediate advantages tariffs that were set to go into effect wont now thats been agreed to tariffs that were imposed in september are going to be either eliminated or removed its still true that half of what comes from china is subject roughly to a 25 percent tower of but thats less damaging then they would have had to live with if they hadnt made this deal and they know because theyve watched mr trump that whatever they saw him now and what ever the conditions are none of that matters a month from now let alone 3 or 6 compared to what mr trump will be calculating as to the advantage or disadvantage of finding the child. Hes wanting on the one and or finding them a partner to sign the deal with the other hell be watching the stock market to help him decide which way to go its going to be a continuous theater that we have to keep on watching i guess for the rest of point money is not going to
To influence the sovereign decisions of europe we are holding negotiations with the United States meanwhile the german parliaments kmita chief on economy and energy told r. T. That the lane is ready to respond to any sanctions imposed by washington and the u. S. Is unhappy that we are not buying their gas they want to boost their own trade and thats why they are imposing sanctions on Companies Involved in building the pipeline firstly american liquefied natural gas is obtained through fracking which makes its unacceptable for germany secondly it is much more expensive than rushing gas the natural gas we get from russia is high in demand and due to falling production in europe demand has only increased so we plan to import more of it this is why north stream 2 is so important because russia of north stream 2 will be completed even if u. S. Sanctions are imposed on project participants that was announced by kremlin spokesperson to me trip is called he noted that the u. S. Actions violate
Than to stand that the sanctions will not be able to stop north streams construction as its already near completion germany is already preparing to tell a true measures top officials slammed the bill. Congress has indeed decided to impose sanctions we are against extraterritorial sanctions not only those adopted yesterday but we also have the same problem with the sanctions against iran there is no other option left for us but to hold very decisive talks to show that we are not accepting these sanctions we believe that is unacceptable as it is an attempt to influence the sovereign decisions of europe we are holding negotiations with the United States meanwhile the german parliaments kmita chief on economy and energy told r. T. That berlin is ready to respond to any sanctions imposed by washington and the u. S. Is unhappy that we are not by ny gas they want to boost their own trade and thats why they are imposing sanctions on Companies Involved in building the pipeline firstly american
As an attempt to counter the countrys Energy Project and promote americas own economic interests are. Reports from moscow. On tuesday the u. S. Senate approved the National Defense authorization act for next year its a record 768000000000. 00 military budgets more than 700000000. 00 has been allocated to contain russia among other things its obliges the administration to impose sanctions on russia. Gas pipelines and approves military aid to ukraine the white house opposes the construction of north stream to believing that the protractor will give russia leverage over the Foreign Policy of European Countries plus it promotes its liquefied natural gas and the pipeline is completed. Would make europe even more dependent on Russian Energy would generate billions of dollars for putin billions of dollars that would fund the Russian Military aggression but even in the us then to stand that the sanctions will not be able to stop north streams construction as its already near completion germany