Market Update

News this past week

• Eurozone GDP growth outpaces expectations
• US-North Korea tensions ease
• Japan reports strong GDP growth
• UK records negative inflation in June
• President Trump disbands Business and Manufacturing forums

Oliver Cooper of Momentum Global Investment Management shares his view:
Since its independence from Japan at the end of the Second World War, North Korea has remained one of the most secretive, isolated countries in the world. The country operates as a one-party state, governed by the Worker’s Party of Korea (WPK) and led by supreme leader Kim Jong-un, Chairman of the WPK. The WPK in combination with the army dominate all aspects of Korean life, with the state controlling almost every means of production and subsidising most services. The media is strictly controlled by the government with the sole purpose of maintaining the personality cult of the Kim family and the agenda of the state. Perhaps unsurprisingly, North Korea ranked last on the ‘Press Freedom Index’ in 2017.

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