All articles tagged with #g7 meeting
European stocks are set to open lower as weekend escalation in the Iran conflict weighs on sentiment, with Trump suggesting oil seizures and Houthis firing at Israel; oil prices rose, and a G7 emergency meeting is underway as investors await EU sentiment data and Germany’s inflation figure.
World Bank President David Malpass has warned that the risk of a US payments default is adding to problems facing a slowing global economy, with rising interest rates and high debt levels already choking back investments needed to fuel greater output. Malpass said that he believed that the standoff between Democrats and Republicans over raising the $31.4tn US statutory borrowing cap would be resolved. Malpass also expressed concern about a new deal being finalised by Suriname's government and international bondholders to restructure nearly $600m in debt.