The annual G20 Summit, where 20 nations meet, is currently underway in Osaka Japan. The major issues on the agenda are the ongoing trade war between the two biggest economies in the world, China and the U.S and the rising tensions between the U.S and Iran. This tension could threaten global oil supplies.
According to Bloomberg the meeting may ‘set the direction for the global economy and make the difference between war and peace in geological hotspots.’
The meeting between U.S President Donald Trump and Russian President Vladimir Putin has already taken place. Although there seems to be tension between the two countries, the leaders appeared to be at ease with each other. Trump even warned Putin to not meddle in the U.S elections, while answering a reporter’s question, with a laugh and a smile. In a statement, Trump said that the two leaders enjoyed a “very, very good relationship. Many positive things are going to come out of the relationship.”
Ahead of Trump’s meeting with Chinese President Xi Jinping tomorrow, Putin, Indian Prime Minister Narendra Modi, and European President Jean-Claude Juncker have all asked the two superpowers to settle their differences. Trump’s viewpoint about the meeting is that China is desperate to reach a deal because its economy is “going down the tubes” according to The Guardian.
Xi hit back by saying that “some developed countries were taking protectionist measures that are leading to trade conflicts and economic blockade.” He called them, as stated by The Guardian, the biggest risk of the increase in instability in the global economy.
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
© 2000-2021. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at email@example.com.