Monday, 16 July 2018

10 things you need to know in markets today.

Crains New York.

Good morning! Here's what you need to know in markets on Monday.

1. President Donald Trump called the European Union a "foe" of the United States in an interview that aired Sunday. "I think we have a lot of foes," Trump said. "I think the European Union is a foe, what they do to us in trade. Now, you wouldn't think of the European Union, but they're a foe."

2. Chinese economic growth slowed fractionally in the June quarter, as expected. According to China’s National Bureau of Statistics (NBS), GDP grew by 6.7% from a year earlier — in line with forecasts — maintaining the streak of either meeting or exceeding forecasts by 0.1 percentage points (ppts) in every quarter over the past three years.

3. President Donald Trump will head into his first summit with Vladimir Putin on Monday without a clear agenda and little preparation. The president will go into the summit followed by whispers about his ties to Moscow, questions that have grown only more urgent since the Justice Department last week indicted 12 Russian military intelligence officers accused of interfering in the 2016 election in an effort to help Trump.

By Will Martin.

Full story at Yahoo News.

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