G7 Statement says global economy has shown resilience to multiple shocks but growth prospects remain below historic averages, adds central banks remain firmly committed to achieving price stability
Says:
- Significant geo-political risks from Russia's war against Ukraine and Middle East situation could affect trade, supply chains and commodity prices.
- Welcomes EU proposal to direct extraordinary revenues from Russia's frozen assets to aid Ukraine.
- Will continue working on all possible avenues by which frozen Russian assets could be used to support Ukraine.
- Focus on financial stability and regulatory issues is vital to ensure functioning of financial system given threats to global economy.
- Remain committed to holding on to frozen Russian assets.
- We're concerned about the crisis in Gaza.
- Will ensure close coordination of any future measure to diminish Iran's ability to acquire, produce or transfer weapons.
- Welcomes New Zealand as new member of Russian oil price cap coalition.
18 Apr 2024 - 00:26- EquitiesImportant- Source: Newswires
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts