It was a very active week this week, especially in employment and the emergence of CPI data. In addition to the data, the speeches made by Janet Yellen in the House of Representatives also moved the markets. In the coming week, the calendar will be a little more calm. In particular, weekly explanations of the minutes of the FOMC meeting can be highlighted. We shared with you yesterday what will be the improvements of the day next day. Today we will share with you what you were talking about on the weekend of the week.
According to reports from China, the stopping of imports of coal from North Korea starts as of today’s decision. The decision to protest North Korea’s nuclear missile program will continue until the end of the year. However, it was reported that deliveries that could affect public prosperity would be excluded from this decision. As it is known, China is the fourth largest importer of Shaanxi North Korea. The import figure of lignite coal is 22.48 million tons.
Speaking in Russia, German Chancellor Angela Merkel was at the forefront against the radical Islamist terrorist. It is also reported that Merkel will meet with IMF President Christine Lagarde and European Commission President Jean-Claude Jancker next week on Greece’s rescue. It was also noted that the IMF would make a $ 5 billion contribution to Greece’s third rescue package, according to German Der Spiegel magazine.
As the US elections continued to be related to the Russian influence, while the debate continued, information from the US press was learned that the FBI was conducting three separate investigations according to the former state officials, five of whom were on duty.
As Trump administration’s first month is nearing its end, efforts to address Trump-related concerns in Europe continue. Washington officials have touched on contacts in Europe and, with the new administration, have tried to show that relations with Europe will continue in good shape. However, the former foreign policy committee chairman Ruprecht Polenz in the German Parliament said in a statement that he was dissatisfied with saying, “We are not relieved here and we have no idea what vision we will have in the future.”
Speaking at the weekend Security Conference in Munich, Mike Pence said that despite Russia’s friendly negotiations with Putin, Russia would be held responsible for what he did in Ukraine. Despite Trump’s criticism of NATO, US Defense Secretary James Mattis said NATO They stated that they did not have past.
German Foreign Minister Sigmar Gabriel stated in his statement at the Munich Security Conference that Britain should not be brutalized about Brexit and that Britain needs to be a partner in its security policy.
According to oil reports, the attitude of Iran, which does not yet comply with OPEC’s decision on supply disruption, and which, according to the January OPEC report, has produced 3.75 million barrels of oil per day, seems unlikely to change. Ali Kardor, President of the Iranian National Petroleum Corporation, said that by mid-April, Iran expects daily oil production to reach 4 million barrels. In the next five years, they reported that they plan to open 500 new oil wells to increase production to 4.7 million per day. It was also noted that in the western province of Iran’s country, Lorestan, has found an oil reserves of 2 billion barrels. It is worth noting that incoming news may cause a fall in oil prices.
Speaking at the Munich Conference, Angela Merkel said that Europe currently has a low-value euro problem. Merkel also pointed out that the ECB’s current monetary policy is not suitable for Germany and is also not suitable for Portugal, Slovakia and Slovenia. If former currencies had Mark, Merkel said that Mark would have a distinctly different value from the Euro at the moment, but noted that it was an independent policy of the ECB and could not be effective as Germany’s Chancellor. These explanations may cause appreciation in the euro.
The ECB member Sabine Lautenschleeger expressed satisfaction with saying that they are approaching the 2% targets in the current on the German radio on the weekend. But the important point is that it is not temporary and that there is indeed a tendency in this upswing in the inflation. He pointed out that we have to wait a few more months to make sure that.
(ESM) Director of European Stability Mechanism Klaus Regling made a statement on the famous German magazine containing positive messages about Greece. Regling said that until the end of the rescue package we passed on to Greece, 32 billion euros were paid and that a clear payment of less than the maximum amount of 86 billion euros agreed was reached. Greek banks needed less capital than expected, and the country’s budget went well. Referring to the role of the IMF, ESM Director Regling said that the current program will continue until August 2018, but everyone who thinks like him tends not to participate in the program. As would be recalled, Merkel continued to maintain his persistent stance on participating in the IMF’s new rescue package in the last speech he made on the subject.
Britain’s Justice Secretary Elizabeth Truss has commented on Brexit that some EU leaders think Britain is still able to change her mind about Brexit. He stated that people can still carry this subject to court but that Brexit is irreversible and will continue to progress from the moment the button is pressed. Irish minister Dara Murphy also said that we should now accept Brexit’s statement. Meanwhile, in the House of Commons, the upper body of the UK parliament, the members will meet Brexit’s bill for two days from tomorrow.