Brexit: Still not done
Brexit: The UK government has introduced legislation to overturn the Brexit Withdrawal Agreement signed last year, which has infuriated the EU. This threatens prospects of reaching an agreement this year on future UK-EU relations. However, at this stage we continue to expect that a limited trade deal can be achieved.
India's economy slumped in Q2, infections continue to rise: Anti-covid measures in India have subsequently been scaled back which is providing some support to the economy but is pushing infection numbers up again, which in turn is retarding the recovery.
No reason for OPEC to celebrate: On the 60th anniversary of its foundation, OPEC is confronted with an oil price level that it considers too low. This is unlikely to change for the time being.