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18.07.2016 08:00

Review of financial and economic press: the situation in Turkey can cause negative effects on the oil market

D/W

United Kingdom is planning to leave the EU in January 2019

The British Government is planning the country's exit from the European Union in early 2019. Minister Liam Fox in charge of the new government for the negotiations with the EU on trade agreements, in an interview with Sunday Times called the approximate date for Brexit January 1, 2019. David Davis, the appointed head of the Ministry of Brexit cases, previously also called the date - the end of 2018 or beginning of 2019.

Steinmeier hopes Clinton's victory in the US presidential election

German Foreign Minister Frank-Walter Steinmeier hopes Hillary Clinton's victory in the US presidential election. "I think it will bring all that America needs in the current situation", - said Steinmeier in an interview with Bild am Sonntag, published on Sunday, July 17th.

newspaper. ru

Britain will retain access to the EU market after Brexit

David Davis said that Britain will retain access to the EU single market after Brexit, according to Reuters. According to him, it is still not clear whether the prices for goods and services will increase in connection with the withdrawal from the EU.

FT: The situation in Turkey can cause negative effects on the oil market

The attempted coup that took place in Turkey, could have a negative effect on the global oil market, writes the Financial Times. "Turkey is an important transport hub for oil and gas supplies. If there are supply disruptions, it will have a tangible effect on the oil market".

RBC

Reuters named a new chief economist of the World Bank

New chief economist of the World Bank is expected to be a professor of economics at New York University's Paul Romer. It is reported by Reuters, citing two sources familiar with the bank's decision.

Dangerous Deutsche Bank: to become the second German bank Lehman Brothers

In June, the IMF named Deutsche Bank the most risky financial institution in the world. Experts believe that the bank is unlikely to repeat the fate of Lehman Brothers, but if it does happen, the consequences for the global financial system can be catastrophic.

Market Focus

  • Donald J. Trump was inaugurated as the 45th president of the United States
  • Canada: Retail Sales, m/m, November 0.2% (forecast 0.5%)
  • U.S.: Nonfarm Payrolls, January 227 (forecast 175)
  • Eurozone: Consumer Confidence, January -4.9
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