Daily News | EU economy under pressure

Today’s economic calendar we’ll begin with the political news that’ll definitely affect the markets and (especially) the the EU economy. This time it’s not about Spain – it’s about Great Britain and Brexit. Britain’s minister of finance Philip Hammond said that a transition period was a “wasting asset” and that it’ll have negative effects on the European business economy at the beginning of the next year. Negotiations won’t make much of a progress before Theresa May’s meeting with the EU leaders next week.  As you probably know, one of the most important Brexit questions is the problem of the financial settlement: the UK refused to extend the offer beyond 20 billion euros, but the EU said this is not sufficient. As we said, there’re already some negative effects on the EU economy, but keep your eyes on the situation for it’s going to be very interesting!

We have some other news from Europe as well, from Scandinavia, to be exact, but this time things are looking much more positive. This year Scandinavia’s economies are growing faster than expected. Some of the reasons for that are their loose monetary policy, stronger European growth and rising government spending. If you’re trading some Scandinavian shares or their currencies, now’s the time to react.

Daily News | Start trading in a couple of steps

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Author: Max Rothstein
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