Daily Three: OPEC Meets, OECD Browbeats and Japan’s Balance Sheet
June 1, 2016    Disclosures    POSTED IN  MarketsInternational
  • The¬†Organization of the Petroleum Exporting Countries (OPEC) biannual meeting comes on the heals of recovering oil prices. Bloomberg
  • In its semi annual Economic Outlook report from the Organization for Economic Cooperation and Development (OECD) warned that the global economy is mired an a “low-growth trap” and forecast world growth in 2016 would be 3.0%, down from the organization’s 3.3% estimate.¬†The New York Times
  • Japanese Prime Minister stated a scheduled sales tax increase from 8% to 10% would be delayed for two and a half years. Reuters
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