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Russia and other countries created the Euroasian Economic Union – Danske Bank

FXStreet (Edinburgh) - Analyst Jens Pedersen at Danske Bank remarked the creation of a new economic union.

Key Quotes

“In the Kazakh capital, Astana, Russia, Kazakhstan and Belarus yesterday signed a treaty to formally create a Euroasian Economic Union”.

“Kyrgyzstan and Armenia may join the union later this year”.

“The union, which will create a zone where goods, capital and labour can flow freely, is set to be effective from the start of next year”.

Germany Retail Sales (YoY) came in at 3.4%, above forecasts (1.5%) in April

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