Despite the fact there is almost a deal between the US and China, the Chinese economy continues to show a slowdown. Today the government in Beijing will provide a plan for further development of the economy; it is expected that military spending will be reduced and a tax cut of $298 billion will be produced.
Justin Trudeau lost one more minister from his cabinet, which somewhat weakens the position of the Prime Minister of Canada, who used to be very popular with voters. The departure of Jane Philpott from the Treasury Department causes reputational damage and may play a trick on the elections in October, since the economic indicators of the country currently demonstrate somewhat disappointing dynamics.
Theresa May will allocate over $2 billion for the development of the most deprived regions of Great Britain, and according to some opponents, such a move is a buy-in of the confidence of Labor Party representatives. Investors still have concerns about a UK exit from the EU without a deal, and the British pound has fallen for the fourth day in a row.
