The most important events on world markets in the past week



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Mubasher: The Federal Reserve's decision to cut the US interest rate was the highlight of events in world markets last week.

Business developments also attracted investor interest, as well as continued weakness in private sector industrial activity worldwide.

Japan reduces its economic growth forecast for fiscal year

The Japanese government has lowered its forecast for economic growth this year, with weak global demand and falling exports.

Johnson: we need a new trade agreement with the EU

LONDON (Reuters) – British Prime Minister Boris Johnson said that there was a chance for a new pact on bricast, adding that he also wanted a major trade deal with the EU.

"Japan's central bank" proves monetary policy and suggests new measures to ease monetary easing

Japan's central bank decided to adjust its monetary policy to expectations, but said it would not hesitate to resort to monetary easing once the global slowdown would have threatened the country's monetary policy. economic recovery of Tokyo.

Huawei revenues jump 23% in the first half

Huawei's revenues jumped more than 23 percent in the first half of this year, despite headwinds from the United States.

A sudden slowdown in economic growth in France in the second quarter

Economic growth slowed in France in the second quarter of this year, despite forecasts of a stable quarter.

South Africa's unemployment rate reaches its highest level since 2008

South Africa's unemployment rate hit an all-time high of at least 11 years in the second quarter of this year, with job losses in the mining and finance sectors .

Trump accuses China of procrastinating in trade talks pending presidential elections

WASHINGTON (Reuters) – US President Donald Trump has accused China of delaying talks ahead of the US presidential election, with the world's two largest economies holding the first trade talks since the second truce.

Goldman Sachs Raises Prospects for US Equity Gains in 2019

Goldman Sachs raised its expectations regarding the Standard & Poor's 500 Index at the end of this year, but the bank has reduced its estimate of profits.

Apple's profits fall but exceed expectations. Revenues reach a record level

Apple's profit fell in the third quarter but exceeded badyst expectations, while the business turnover reached a record level of service revenue support.

Samsung's profit fell 53% in the second quarter

Samsung's profits dropped by 53% in the second quarter of this year and revenues dropped.

Economic growth in the euro area slowed in the second quarter

According to forecasts, economic growth in the euro area slowed in the second quarter of this year on a quarterly basis.

Iran plans to cancel 4 zeros from the value of the local currency

The Iranian government has agreed to define a plan to remove four zeros from the value of its local currency, in the context of the sharp fall in the value of the riyal in the country and its sanctions.

Washington: end of trade talks with China in September

The White House said the recent trade talks with China had been fruitful, noting that Washington and Beijing would complete negotiations in September.

US oil production increases 900,000 barrels a week

Oil production in the United States rose sharply by about 900,000 barrels a day last week. This is the first increase in three weeks.

Expectations of a 13% decline in sterling, without agreement

LONDON (Reuters) – The pound should fall sharply if the UK leaves the EU without agreement, a study predicted.

The Federal Reserve lowers its interest rate for the first time since the global crisis

The Federal Reserve has decided to reduce the US interest rate for the first time since the global financial crisis, with the risks of external uncertainty on the world's largest economy having risen.

Powell: reduce interest rates to adapt to economic conditions rather than to change policy

The chairman of the Federal Reserve said the bank had decided to cut interest rates in order to adapt to current economic conditions, indicating that this decision was not a turning point for the bank. monetary easing.

Fed announces early moratorium on budget reduction program

The Federal Reserve has announced that it will begin suspending its bond reduction program two months ahead of schedule, along with a reduction in interest rates.

Trump commented on the Fed's decision: "Jerome Powell has let us down as usual"

US President Donald Trump said Federal Reserve Chairman Jerome Powell hit the market a few hours after a rate cut.

Industrial activity in the euro area has declined at the fastest pace since 2012

Industrial activity in the euro area has contracted last month at the fastest pace since the end of 2012, after a sharp contraction in activity in Germany.

World demand for gold reaches its highest level in three years

Global gold demand in the first half of this year reached its highest level in three years, driven by current purchases by central banks.

Hong Kong's central bank lowers interest rates for the first time since 2008

The central bank of Hong Kong has reduced its interest rate for the first time since 2008, following the reduction of the rate by the Fed.

The Bank of England sets interest rates and lowers estimates of economic growth

The Bank of England has decided to maintain its interest rate and badet purchase program, but has lowered its forecast of economic growth for the current year and 2020 .

US industrial activity falls to its lowest level in 3 years

Industrial activity in the United States reached its lowest level in three years last month, with production declining.

Record increase in badets of Black Rock Fund to invest in gold

The badets of the gold investment fund of the world's largest badet management company hit a record high.

Global Negative Bond Value Reaches Record High

Global negative-yield bonds hit a new record high of more than $ 14 trillion as a result of Fed decisions.

World food prices fell by more than 1% in July

World food prices fell in July, with prices for dairy products, grains and sugar falling.

Trump announces tariffs on other Chinese imports in September

US President Donald Trump said the United States would impose tariffs of about 300 percent on Chinese imports, worth $ 300 billion, even as talks continued.

Strong prospects for interest rate cuts in the United States in September

Investors have raised the possibility of a reduction in US interest rates at the September meeting as a result of mounting commercial fears and economic data.

Japan to remove South Korea from "white list" of trading partners

Japan has decided to remove South Korea from the list of countries with minimum export restrictions (trusted trading partners).

The largest pension fund in the world earns $ 2.4 billion in the second quarter

The largest pension fund in the world posted quarterly gains for the second consecutive quarter this year, with profits from stocks and foreign bonds, with most major currencies falling against the yen.

United States officially withdraws from nuclear missile treaty with Russia

The United States has announced that it is officially withdrawing from the medium-range nuclear missile treaty, decades after the signing of a treaty banning missile fire between 310 and 3,400 miles.

The US economy added 164,000 jobs in July

The US economy has created jobs in the US labor market at a pace consistent with last month's expectations, while the unemployment rate has remained stable.

Trump officially signs agreement on general budget and raises debt ceiling

The President of the United States, Donald Trump, has signed a budget bill and raised the debt ceiling for the next two years in order to avoid a possible closure of the government.

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