Merkel Wary Ahead of Difficult G20 Meeting

German Chancellor Angela Merkel championed Europe, dismissed Brexit and said efforts to fight climate change are irreversible in a combative speech ahead of the Group of 20 summit that’s shaping up to be a confrontation over the direction of global policy.

Merkel, in a speech to lawmakers in Germany’s lower house of parliament on Thursday, noted that “the world has become less united” and acknowledged that discussions at the G-20 meeting in Hamburg on July 7-8 “will be very difficult.”

“The discord is obvious and it would be dishonest to paper over the conflict,” she said.

Bloomberg

DAX Edges Lower, German CPI Looms

Central Banks take Center Stage

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam