Gold Futures Summary of This Week

Gold futures falls Wednesday to a 7 week low in European trade as the chances of a US interest rate rise increased.
Wednesday, odds of a Fed rate hike in June augmented by 10% from a day earlier, according to futures markets. Investors are paying attention to comments from Feds officials, after that Fed's April meeting convinced market players to a possibility of a rate hike in June, and investors appear to be more comfortable with global stocks regained level.
As the US Dollar depends on Gold, the US dollar is at its highest level in 2 months.

LSE shareholders will vote on the merger with Deutsche Borse

 

The shareholders of the London Stock Exchange (LSE) must vote on the proposed merger of some 27 billion euros with the German "Deutsche Borse" in July, after the referendum of 23 June on the future of the United Kingdom within the European Union.The two exchange operators had submitted in March their wedding plans, an operation aimed at creating a European player capable of competing with the major US market operators. They work since, to carry out the necessary steps to obtain all necessary approvals. The LSE is including the operator of the London and Milan stock exchanges and manages moreover the investment company and US indexes Russell Investments, while Deutsche Borse owns the Frankfurt Stock Exchange and the Luxembourg clearing house Clearstream and platform Eurex derivatives.According to the Financial Times, the merger will be finalized by the end of 2016 or at the latest in the first quarter 2017. This merger will create a leading group of global market infrastructure based in Europe. The union between the two exchanges will also allow to EUR 450 million in savings through synergies between the two groups.

Another chapter of US-Saudi relationship

The US senate passed a bill today to allow families victims to sue other countries in American courts.
This bill passed after after that the US president Barack Obama said that he will use his veto to reject this bill. and even if the Saudi authorities has threatened of selling their US debt holdings.
Last month the New York Times reported that the Saudis threatened the sell of 750$ billions of assets and treasuries if the United States adopted the bill. But the Us treasury department disclosed the size of the debt hold by the Saudis of 116$ billions.