WINNIPEG, April 11 (MarketsFarm News) – The following is a glance at the news moving markets in Canada and globally.
– Wikileaks founder Julian Assange has been arrested in London. He was living in the Ecuadorian Embassy avoiding numerous charges from multiple countries. Ecuadorian President Lenin Moreno said the country had “reached its limit on the behaviour of Mr. Assange” after he intervened in the internal affairs of other states, according to BBC. Assange faces charges from the United States for breaking into U.S. government computers and conspiring with former U.S. Army intelligence analyst Chelsea Manning. The indictment alleged Assange downloaded “approximately 741,000 reports,” according to the media.
– Experts predicted international oil prices will average $75 per barrel in summer 2019, occasionally spiking as high as $80, according to a report from RBC Capital Markets. The perfect storm of steep OPEC supply cuts, robust demand, geopolitical risk, and investor positioning leaves “crude futures plenty of room to run,” said CNBC. RBC’s $75 prediction for international Brent crude was up from a previous 2019 forecast of $69.50 per barrel.
– United Kingdom Prime Minister Theresa May asked Parliament to find a Brexit compromise before European elections slated for late May. May told Parliament she still hopes an agreement can be reached even though the House of Commons rejected her withdrawal plan three times, according to the Canadian Press.
– U.S. President Donald Trump has proposed Stephen Moore as a nominee for a position on the Board of Governors for the Federal Reserve. Moore has accused the Fed of being “growth-phobic” and said he will run on an agenda of transparency and openness. “Why shouldn’t Bloomberg and C-Span and others be able to cover everything they do? Why does there have to be this temple of secrecy? So, I want openness and sunlight on the Fed,” he said to Bloomberg.