Last week thw word was the summit between US President Donald Trump and Chinese President Xi Jinping was to be pushed into April.
Now its looking like it’ll be June instead, South China Morning Post reporting citing unnamed sources.
Likely indicative of continued wrangling over the trade deal. 90 Days wasn’t long enough? Who’da thunk it?
Rounding up some of the weekend items, this on oil from Russian Energy Minister Alexander Novak.
- Russia has started to cut production of oil by 140K bpd
- part of the OPEC+ deal
Note, there is an OPEC and non-OPEC meeting scheduled for Monday … expect more headlines to come.
The US dollar fell against all the major currencies except the Japanese yen in the week following the disappointing job growth in February. The Norwegian krone was the strongest of the majors, appreciating 2.8% against the dollar and nearly 2% against the euro amid speculation the central bank will be the first, and maybe only major central bank to hike rates this year.
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