1. Trump Travels
President Donald Trump's first overseas trip since his inauguration got off to a successful start in Saudi Arabia, where he delivered a well-received speech on combating terrorism and witnessed the signing of $110 billion in defense deals. Today the president moves to Israel, where he is likely to try to increase pressure on Iran.
2. Oil rise
A barrel of West Texas Intermediate for June delivery, a contract which expires today, was at $50.69. Ministers from the Organization of Petroleum Exporting Countries and its allies will meet in Vienna on Thursday to extend production cuts for nine months from the current end date
of June.
3.Brexit, Greece
Euro-area finance ministers gather in Brussels today to try to find a deal that would allow a new set of rescue loans for Greece. The pound was trading lower at $1.2983 by 5:45 a.m. after British Brexit Secretary David Davis said the U.K. will quit talks with the European Union if the proposed exit bill is too high.
4. Markets quiet
Overnight, the MSCI Asia Pacific Index advanced 0.8 percent, with Japan's Topix Index adding 0.5 percent. In Europe the Stoxx 600 Index was unchanged after posting its biggest weekly lost since November at Friday's close. S&P 500 futures were 0.1 percent lower
5. Brazil tremors
Pressure continues to mount on President Michel Temer of Brazil, with a key coalition partner, the PSB party, joining opposition calls for his resignation. Temer has refused to step aside, arguing that a recording of him allegedly approving hush money for a jailed politician involved in last year's impeachment of former President Dilma Rousseff was doctored. There were demonstrations across the country yesterday calling for him to resign
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
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