Market News and Commentary July 11

“What Good Is NATO?” Trump Criticizes Germany And Other Allies At Summit. OPEC’s oil output jumps in June as Saudi Arabia opens the taps to tame crude prices. PM May says EU needs to change course or risk ‘no deal’ Brexit. Trump slams Germany at NATO summit: It’s ‘totally controlled by Russia.’ Trump attacks NATO at NATO summit, abruptly demands allies dramatically increase military spending. Trump tells NATO leaders to increase defense spend to 4 percent.

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