OECD’s Gurria: Brexit process needs to be as smooth and seamless as possible

The Organization for Economic Co-operation and Development (OECD) Secretary General Gurria was out on the wires earlier today, speaking to Bloomberg on the Brexit issue and the new French President Macron.

Key Headlines:

Brexit needs to be as smooth and seamless as possible in the interests of all parties

Brexit still at beginning stage

Inequality has come back to haunt govts in the form of a political backlash

Govts need to deliver on improving equality and providing opportunities for electorates

Arrival of Macron represents a new chapter for French economy

 

Gold soars to nearly 7-week highs amid weaker USD and risk-off mood

Gold continued scaling higher for the third consecutive session and soared to near 7-week highs during early European session on Tuesday. Strong sell
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France plans to cut defense budget of about EUR2.7B – La Tribune

La Tribune, a French weekly financial newspaper, reported that France plans to cut defense budget of about EUR 2.7 billion, courtesy Livesquawk.
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