Elobaby Women Wedding Shoes Satin Flat Pointed Side air Handmade New Bridesmaids/35-44 Size/0.6Heel B07DMDV48V ParentElobaby Women Wedding Shoes Satin Dress Satin High Heels Platform Buckle/35-43 Size/12.5Heel B07DMDWS86 Parent
Elobaby Women's Wedding Shoes Closed Toe Satin Evening Party Dress Prom/0.6cm Heel/Dress Bridesmaid B07DMDWS88 Parent , Elobaby Women's Wedding Shoes Stiletto Handmade Satin Pointed Closed Toe Rhinestones/9.5cm Heel B07DMDXJ4Y Parent , Elobaby Women Wedding Shoes Handmade Platform Bridesmaids Lady Party Sandals/0.6 cm Heel/Dress B07DMF7L7V Parent , Elobaby Women Wedding Shoes Satin New High Heels Pearl Straps Ribbon Peep Toe/35-42 Size/11cm Heel/Dress B07DMF7L86 Parent , Elobaby Women's Wedding Shoes White Ivory Round Pumps Satin Bridesmaid Dress Closed Toe/0.6cm Heel B07DMFNRQ1 Parent , Elobaby Women's Wedding Shoes High Heel Platform Ballroom Satin Bridesmaid/11cm Heel/Court Shoes Low B07DMLNXXD Parent , Elobaby Women's Wedding Shoes Closed Toe Satin Pointed Satin Platform High Heels/35-42 Size/9cm Heel B07DMLPF2N Parent
Elobaby Women's Wedding Shoes Platform Closed Toe Satin Silk Size Party Shoes/0.6cm Heel B07DMLQMPD Parent , Elobaby Women Pearl Wedding Shoes Ribbon Party Platform High Heels Handmade Pointed/5.5cm Heel B07DMLT7GD Parent , Elobaby Women's Wedding Shoes Platform Closed Toe Dress High Heel Satin New 11cm Heel Modern B07DMLXNJ8 Parent
Elobaby Women Wedding Shoes Closed Toe Prom Pointed Banquet Satin High Heels/CT0608/9.5Heel B07DMM33D2 Parent , Lh$yu Women Sandals Womens Ladies Rhinestones Metal Straps Platform High Heels Pumps Classic Court Shoes Size ... B07DMMB8SR Parent
Elobaby Women's Wedding Shoes Toe Kitten Dress Satin Crystal Pearl High Heel Buckle 7.5cm Heel B07DMMC699 Parent , Elobaby Women Wedding Shoes Heels White Pumps Peep Toe Rhinestone/Dress/35-43 Size/12.5Heel B07DMMDC7Q Parent , Elobaby Women Wedding Shoes Bridal Size Satin Low Heels Flat Closed Toe Stitching/35-42 Size/0.6Heel B07DMMDC7T Parent , Elobaby Women Wedding Shoes Handmade Buckle High Heels New Satin Court Peep Toe/11cm Heel B07DMMDC7X Parent , Elobaby Women's Wedding Shoes Satin Silk Evening Pumps High Heels Pearl Peep toes/35-43 Size/11cm Heel B07DMMJ1CB Parent
Elobaby Women Wedding Shoes Rhinestones Lady Platform Satin Flat Fashion/0.6cm Heel/Dress/35-42 B07DMMJ1CD Parent , Elobaby Women's Wedding Shoes Closed Bridal Satin New Dress Bridesmaid Ivory Size/9872D B07DMQ1CY5 ParentElobaby Women's Wedding Shoes Modern Bridesmaid Almond/Custom Made/0.6cm Heel/Round Toe B07DMRMJSR ParentElobaby Women's Wedding Shoes Fall Comfort Platform High Heels Rhinestone Peep Toes Buckle& Evening/11cm Heel B07DNDJ49N ParentElobaby Women's Shoes Wedding Stretch Satin Spring Basic Pump High Heels/Party & Evening/8.5cm High B07DNF5DYG ParentElobaby Women's Shoes Wedding/Satin Spring/Fall Comfort Peep Toes Slip On Rhinestone/11cm Heel B07DNG74L9 ParentElobaby Women's Wedding Shoes Kitten Heel Satin Pumps Low Platform Peep Toes Latin/7.5cm Heel B07DNG9TH3 Parent
Elobaby Women's Shoes Wedding Spring Satin/Summer Basic Pump Rhinestone Fuchsia Buckle/Ivory &8.5cm Heels B07DNG8N7M Parent , Elobaby Women's Shoes Wedding Closed Toe Pointed Silver Satin Spring/Summer Buckle Pump& Evening/5.5cm Heel B07DNG9TH8 Parent
Elobaby Women's Wedding Shoes Low Heel Summer Buckle/Peep Toe/Open Toe Ivory/Party& Evening Spring/8.5cm Heel B07DNGGVWQ Parent ,
On the latest edition of Market Week in Review, Rob Cittadini, director, Americas institutional, and Chief Investment Strategist Erik Ristuben discussed the recent rise in oil prices amidst political unrest in Saudi Arabia.
Oil prices on the upswing as turmoil engulfs Saudi Arabia
The recent events in Saudi Arabia helped fuel a steep increase in oil prices across the globe the week of Nov. 6, Ristuben said—with the cost of U.S. West Texas Intermediate crude rising to nearly $57 a barrel, up from roughly $49 a month earlier. “Whenever there’s a potential change in tenure or political tone in a country, that creates volatility,“ he explained, adding that geopolitical risks very rarely have a lasting impact on markets.
That said, in Ristuben’s opinion much of the uptick in oil prices is better attributed to the health of the global economy. As evidence, he cited the upward adjustments to the estimated gross domestic product (GDP) growth rate in both Europe and the U.S. “This is further proof that the global economy is expanding,” he said—“leading people to begin pricing in a higher demand for oil.”
U.S. tax reform debate continues
Switching to the U.S., Ristuben noted that financial markets have been jittery in recent days as both houses of Congress continue to hammer out details of proposed tax cut legislation. “This serves as a stark reminder of just how hard it is to get anything done in the U.S. at the federal level, no matter which party is in control,” he said. Tax reform in particular is extremely difficult, Ristuben explained, because the economic makeup of the states or regions represented by members of Congress can vary wildly from one to the next. “This means that when you change the rules, there will be clear winners and losers,” he said.
Ultimately, Ristuben and the team of Russell Investments strategists believe that a tax reform package will get passed, likely in early 2018—but that it probably won’t be as ambitious in scope as what was originally laid out.
Global economy continues to shine—What could it mean for financial markets?
Transitioning to European economic news, Ristuben said that the continued surge in German industrial production was a high point for the week. The positive numbers are reflective of steady economic growth on a global scale, he said. “Overall, the latest data coming through has been consistently solid across the board—and markets have taken notice,” Ristuben stated.
He added that in his and other Russell Investments strategists’ viewpoint, this will likely translate into continued gains in the stock market—but that more volatility is also a possibility. “Negative pullbacks are common in equities—and we haven’t had one in a while,” Ristuben noted. “Don’t be surprised if one happens—and don’t be terrified either, because all things considered, I think the economy will continue to move forward.”
Watch the video or listen to the podcast. And subscribe.