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Market Recap - The G20 week

Monday, June 24, 2019 10:22 AM GMT

The current week will most probably be influenced by the upcoming G-20 summit that starts on Friday and the upcoming OPEC’s meeting in Vienna, scheduled for the 1st of July. How far will the US-China trade relations progress and what is going to happen with the OPEC’s production cap are the two million dollar questions that will dictate the second half of the year.

Today, the Parliamentary Assembly of the Council of Europe is set to accept Russia back, with voting rights, something that has been denied since the Russian annexation of the Ukrainian peninsula in 2014. The vote is backed by French and German delegates and is imposed by Georgian, Ukrainian and UK’s delegates.

Meanwhile, the US is set to impose new sanctions on Iran, following the last week’s drone downed.

The municipal elections in Istanbul Turkey, were once again won by the opposition backed, Ekrem Imamoglu, revealing that the political capital of the current President, Recep Tayyip Erdogan, is decreasing. 

Macro releases: Οther than the German Ifo Business Climate release that is expected on 09.00 GMT, no other market moving release is expected today.



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