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Iraq's oil minister "changed his tune": it was OPEC's decision to extend the oil production reduction. China's M1 fell 1% in April compared with the same period last year.Christmasroulette.4%] Last week, the Iraqi oil minister suddenly announced that the oil production reduction agreement would be extended.ChristmasrouletteThe decision rests with OPEC, not his own. In addition, China's M1 money supply increased by 1% in April compared with the same period last year.Christmasroulette.4%, lower than market expectations, shows the current downward pressure on China's economy. The following is a selected review of last week's financial hotspots.
First of all, the remarks made by the Iraqi oil minister set off in the international energy market.ChristmasrouletteThere are waves. His statement means that the final decision to extend oil production cuts rests with OPEC, not the will of individual member states. This statement undoubtedly adds uncertainty to the upcoming OPEC decision-making meeting.
Second, the decline in China's M1 money supply in April raised concerns about downward pressure on the Chinese economy. As a leading indicator of economic activity, the decline of M1 usually indicates the weakening of enterprises' willingness to invest. The decline in this figure has also raised doubts about the process of China's economic recovery.
In addition, a series of other financial events occurred last week, including the Fed's interest rate decision and large fluctuations in US stocks, which have had an impact on global financial markets. Generally speaking, the hot financial events last week are full of uncertainty, and investors in the secondary market need to pay close attention to the relevant information and make reasonable investment decisions.