Trade deadlines and oil drama set the stage for a crunch week in global markets
European Union and US flags.
Sean Gallup | Getty Images News | Getty Images
CNBC’s appointment table has an enigma this week: How to approach July 9, 9.
Why is this special date important? Tariffs between the US and the European Union Balta (maybe) once again for the deadline for commercial negotiations before falling.
However, President Donald Trump’s tendency to move the final delivery dates makes it difficult to make a major coverage when history may become unnecessary. However, in April – as we see with the surprise frame in Geneva in Geneva – you cannot afford to reduce the importance of the deadline.
What we know is that before the last delivery date of a complete trade agreement, the words of the European Commission President Ursula von Der Luyen, the best “agreement that Brussels can hope for.
As CNBC anchor Silvia Amaro reported last week, the EU is at least on a naked bone agreement to show progress and avoid 50% tax on products exported from the block.
As European Finance Ministers come together for their regular meetings in Brussels, we should get some clues from Brussels on Tuesdays and Wednesdays.
Cartel capital
Another homework that is much more precise: OPEC seminar. The international seminar of oil manufacturers takes place on Wednesday and Thursday at the Grand Hofburg Palace of the city, while Circus returns to Vienna. At the meeting, delegates offer two days of discussion and analysis on energy safety and investment.
It is far from the days of OPEC Media Scrum in the concrete center on the other side of the Austrian capital. As a young producer, I was lucky enough to cover OPEC with CNBC anchor Steve Sedgwick. Before Covid, these manic meetings saw that journalists were fighting for sounds from the world’s most influential OPEC ministers. In those days, Scrum was known with a much less polite term with love …
OPEC+ members, a wider group of non -OPEC oil producers, including Russia, meet this weekend to decide on another (eagerly anticipated) output hike in the middle of a variable month for raw prices.
The seminar will also participate in the CEOs of the world’s largest energy companies, including BP and Shell. CEOs Murray Auchincloss and Wael Sawan, market observers and journalists will be the center of attention when looking for any clues A very balanced transfer can still be on cards.
