The IMF lowered down the global economy forecast to 3.3%, down 0.2% from January which is the lowest rate since 2016. This is the third decrease in the October 2018 forecast. The IMF recommends China and Germany to take measures to stimulate the economies.
At the end of the week begins the season of financial statements of US corporations, which are expected to show a drop in profits for the first time since 2016.
The UK Parliament endorsed Teresa May’s proposal to request an extension of the Brexit from 12th of April to 30th of June. Today, a key EU summit is under way to discuss Theresa May’s proposal.
The Brent is near $ 70.40, close to the highest levels since October 2018. It has gone up by more than 40%.