A positive opening of the trading day in Wall Street is expected accordance with the trend in World.

The English pound rises by 2.1% against the US dollar, the highest rate of increase since 2008.

The trading on Europe starts gallop!

The German Dax index rising by 3%, the CAC rising by 2.8% and the FTSE gained 2.4%.

WTI oil rising by 1.5% and traded at a price level of 48.7 dollars per barrel.

The international markets will be waiting this week for the decision of the British people in a referendum on Thursday, May 23, whether to go out of the Euro zone or not.
The referendum will be on 22: 00 UK time and the polls will inject the results throughout the night, so the immediate reaction for the financial markets will come on Friday.

The price of the oil jumped on Friday at 3.8% and was set at the price level of 47.98 dollars per barrel.
This increase came after six consecutive days of declines as when the black gold fell from 51.67 dollar per barrel high to a low level of 45.84, which means a steady decline of up to 11% in six days.
The increase in oil prices came after the markets calmed down from the possible effect of the exit of Britain from the European Union which could hurt the global economic growth and the demand for energy.

The price of Apple’s stock fell on Friday by 2.3%, the sharpest daily decline for the past five weeks, after China’s regulators ruled that Apple’s models of iPhone 6 and iPhone 6 Plus are infringe patent rights of a Chinese smart phone manufacturer.
The ruling may stop sales of the iPhone devices in China.

 

Sign of recovery in Greece!

Greece will cancel the limit cash withdrawals towards the end of the year.

The limitations include a ceiling on the amount that you can withdraw cash from the banks of 420 euros per week.
They were imposed last June following the flight of deposits that threatened to destroy the Greek banking system during the government bailout talks with her creditors.

The contracts futures in Wall Street pointing on declines with the opening of trading in New York, between 0.3% -0.4% in the major indices.

The bank of England maintains the bank rate at 0.5%.
Also, the bank sets the monetary policy to meet the 2% inflation target and in a way that helps to sustain growth and employment.

Today there is a meeting of the finance ministers of the Euro zone in Brussels to discuss some issues, among others,the possibility of England going out of the Euro zone.
In addition, today at 12:00 the Bank of England will publish the interest rates in the economy, analysts expect that interest rates will remain unchanged at 0.5%.