G7 finance ministers discussed global trade, economic growth in virtual meeting.
The finance ministers from the Group of Seven economic powers discussed issues including global trade, competitiveness, and economic growth in a virtual meeting on Monday, the Canadian finance ministry said in a statement.
A look at the day ahead in European and global markets from Tom Westbrook
A phone call between Donald Trump and his Russian counterpart Vladimir Putin is on markets’ radar this morning as the U.S. pushes for a ceasefire and peace deal in Ukraine – ahead of a slew of central bank meetings later in the week.
The leaders’ conversation takes place in a moment of calm for traders, with stocks stabilizing and progress to peace likely to send European gas prices down and the euro higher.
The latest push came from the release of another surprisingly weak U.S. retail sales report, and the White House confirming reciprocal tariffs will come into effect on April 2 – putting pressure on the dollar and hoisting gold.
At the same time China has announced some childcare subsidies and other consumer-friendly measures, while data on Monday showed small signs of a pickup in retail spending.
The Hang Seng notched a three-year peak and its almost 23% rise for the year so far is easily the largest of any major market.
Source: Globalbankingandfinance