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.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2021 Teletrade-DJ International Consulting Ltd
Teletrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
The company operates in accordance with Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Telerade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
Telerade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.