German chancellor Merkel to meet with Dutch PM Rutte next week 0 (0)

The meeting is confirmed by a German government spokesperson
The two will be meeting in Berlin on Thursday next week. This is likely to iron out a possible compromise ahead of the EU summit that is due to take place on 17-18 July. Just keep your eyes and ears peeled in case we hear of anything

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Russia’s Novak: There’s no decision yet to extend OPEC+ oil output cuts deal 0 (0)

Russian energy minister, Alexander Novak, comments
– OPEC+ has shown efficiency amid current market volatility
– It would be good if we changed our decisions as little as possible for several months
Russia continues to play it coy with the current agreement only to last through July at the moment. At the end of the day, it will

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Risk stays more positive ahead of North American trading 0 (0)

European equities and US futures are higher as focus turns towards the non-farm payrolls report later today
European equities are maintaining gains of over 1% for the most part, with the DAX up by 1.6% currently as investors are keeping more optimistic to start the day. The UK FTSE is lagging a little – due to

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Germany’s Merkel: EU members still far apart on recovery fund, budget 0 (0)

That isn’t comforting news for the euro
Merkel also adds that the EU „must be prepared for Brexit talks to end in failure“.
For EUR/USD, support at around 1.1191-00 remains a crucial spot as it has been since 25 June. Break below that and sellers may look towards the low @ 1.1168 next.

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