26 May, 2017
The G7 summit is one of the largest economic forums with some of the biggest and highest grossing economies in the world participating. It is a precursor or a complementary forum of the G20. The purpose of this gathering of nations is to deliberate on topics relating to safety and quality of life of their citizens, sustainability environmental, social and economic and the development and nurturing of innovation, research, skills and labor.
One of the most anticipated discussions will be the U.S. government’s intention to remain or leave the Paris accord that President Trump promised to do during his presidential campaign under the premise that doing so would increase jobs in the energy sector and specifically coal mining.
The Paris accord was an agreement entered into by 195 countries around the world with the intention to lower greenhouse gas emissions which includes completely forgoing the use and production of coal and more generally fossil fuels. China - one of the world’s largest users of coal in the world entered the agreement making environmentalists optimistic that this will create a significant decrease in carbon emissions by 2020.
No matter what is decided or discussed at the summit, you can stay on top of the market with the MT4 platform that comes with all of STO’s accounts, with institutional spreads starting from 0.0 pips.
The countries (or Unions) participating in the G7 Summit:
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