A surprise election. Turkeys president says he fears a new wave of refugees from syria and he is repeating his threat to throw open the doors to europe. Brent im brent goff welcome. Oil prices have soared today on the back of two drone attacks that took place on saudi arabias oil facilities. The strikes over the weekend saw the crude oil output dropped by 5 . Washington has hinted at a military retaliation. It blames iran for the strikes. Houthi rebels say they are the ones who did it. These oil tanks are exhibit a as the world tries to assess who is responsible for attacks on saudi facilities. They show idenentical impapact points. That indicates a high degree of sophistication in the attack. Houthi rebels in yemen have claimed responsibility. They have been fighting the salaries for years in yemens civil war. Some analysts doubt whether the rebels couldve lost drones or missiles able to hit the tanks. Yemen is to the south of the saudi refineries. The u. S. As the satellite images su
Higher carrots and tougher sanctions now while it seems that the risk of a full blown currency wars are now at diminished both economies have been ravaged by the ongoing trade war so after all the dust settles who is in better shape now lets take a look at this this shows the 4 major Central Banks the e. C. B. The bank of japan the peoples bank of china and the fed over in red and their total assets so what do you notice here this is a really interesting trend right now because all of the worlds Central Banks are kind of converging together and coming together at a very similar valuation up here but then theres the one the fed thats actually breaking the trend here everyone else has come to an equal stance at about 5. 2 trillion in assets but the fed has been on autopilot to reduce its Balance Sheet the reverse of everybody else they did so through a series of quantitative tightening starting at the end of 2017 but now this has resulted in a liquidity drain that is tightening the u. S.
Where the currency manipulator label while it is in part symbolic it can actually open doors for very real consequences by doesnt it country as a currency manipulator it opens the doors for trump to set more formal punishment higher carrots and tougher sanctions now while it seems that the risk of a full blown currency wars are now at diminished both economies have been ravaged by the ongoing trade war so i after all the dust settles who is in better shape now lets take a look at this this shows the 4 major Central Banks the e. C. B. The bank of japan the peoples bank of china and the fed over in red and their total assets so what do you notice here this is a really interesting trend right now because all of the worlds Central Banks are kind of converging together and coming together at a very similar valuation up here but then theres the one the fed thats actually breaking the trend here everyone else has come to equal stands at about 5. 2 trillion in assets but the fed has been on au
True chinese trade delegation will travel to washington in september to conduct the next round of face to face negotiations and its most recent statement on thursday china indicated that it might not move forward with the latest round of tariffs on the u. S. Instead stressing the need for the worlds 2 largest economies to the conflict the ministry of commerce spokesperson golfing said that china has ample means for. But thinks that the question should be discussed. Should be discussed now is about removing tariffs as it is not conducive to china or the us both china and the us seem to want to call a ceasefire after this year long trade war on monday trump conceded that trumps phone calls from china did not happen the way he said they did and that it was his attempt to project optimism to boost markets trump has been increasingly concerned about the markets inability to breach 3000 and is agitated the destroyed war with china is dragging on months longer than expected. Earlier this mont
Im phil gal welcome to the Program Members of the European Parliament have chosen that new president for the next 2 and a half years they elected and italian social democrat david saucily whos been an m. E. P. For 10 years the motion strasberg it completes the lengthy process of filling the e. U. Stop jobs e. U. Leaders have nominated candidates for 4 other posts with German Defense minister on the line for Commission President the European Parliament must ratify that nomination before ms fonda line can be appointed and thats far from a done deal. Straight to the straight to strasburg that might be found d. W. B. Correspondent hoffman welcome where is the opposition to the line coming from. The opposition is coming from all sides for example from the social democrats who are disappointed that they couldnt have their lead candidate who campaigned for them funds in the lead for that position also from the greens but the doors opened at least with the greens who said it depends on what ki