The Trump Administration has a knack for cooling down crude oil prices every time they look to be getting out of control. Trade War talk, potential wavers on an Iranian oil embargo, and telling Germany that they are captive to Russia because of the reliance on them for energy supply, not to mention the resumption of some Libyan oil exports cooled off prices as they were boiling over due to rapidly falling U.S. supply.
Germans will go to the polls this Sunday and Chancellor Angela Merkel is widely expected to win her fourth term in power.
The German Election, scheduled for 24 September, has the potential to squeeze the recent EUR gains.
If Donald Trump's election in the United States and Britain's decision to quit the European Union stirred the global economic waters, then there is the potential for a tsunami on the near horizon.
Deutsche Boerse's supervisory board is reluctant to approve quickly an extension of Chief Executive Carsten Kengeter's contract following the German exchange operator's failed merger with the London Stock Exchange, two people close to the matter said.
Muted trading volumes across many financial assets on Monday and the dollar rising to a three-week high underscored investor caution against making big bets in the face of geopolitical tensions in the Middle East and the Korean peninsula.
Germany urged the European Union on Friday to consider filing a complaint with the World Trade Organization (WTO) against the United States over its plan to impose duties on imports of steel plate from five EU member states.
U.S. stock exchanges should not attempt to buy Deutsche Boerse, the German exchange whose bid to merge with its London counterpart has just collapsed, a senior German politician said on Thursday.
German business morale hit its highest level in nearly six years in March, suggesting company executives in Europe's largest economy are brushing off concerns about the threat of rising protectionism and Germany's own election issues.
President Donald Trump welcomes German Chancellor Angela Merkel on Friday for a White House meeting that could help determine the future of the transatlantic alliance and shape the working relationship between two of the world's most powerful leaders.