KPHY Women'S Shoes/Autumn Wrinkle Cloth Square Head Shallow Mouth Antiskid Flat Bottomed Work Shoes Single Shoes.Thirty-Five... B07FN824V3 Parent
KPHY Women'S Shoes/Summer Fashion Embroidery Hollowed Out Shallow Pointed Comfortable Flat Bottomed Working Shoes.Thirty-Seven... B07FN83F67 Parent , KPHY Women'S Shoes/Spring Is A Sweet Butterfly Knot.Thirty-Nine Gray B07FN82636 ParentKPHY Women'S Shoes/Diamond Pointed 8Cm High Heeled Shoes Autumn Thin With Red Shallow Mouth.Gules Thirty-Six B07FN83N3Z ParentKPHY Women'S Shoes/Night 16Cm High Heels Fine Fish Mouth Wedding Shoes Summer Women'S Shoes.Black Thirty-Seven B07FN83F64 Parent
KPHY Women'S Shoes/Spring And Autumn Prints Single Shoes And Multi Player Are Thicker Inside.35 green B07FN84GCJ Parent , KPHY Women'S Shoes/2Cm Is Comfortable Slippery Soft Bottom Women'S Shoes.Thirty-Nine Gun Color B07FN83JVJ Parent , KPHY Women'S Shoes/Spring And Autumn Top Flat Bottom Soft Bottom Shallow Work Shoes Skid And Leisure Women'S Shoes.Forty... B07FN8GKYD Parent , KPHY Women'S Shoes/Fashion Spring Bow Suede Comfort Square Head Flat Bottom Sole Shoes.Forty Sugar Color B07FN83P1M Parent , KPHY Women'S Shoes/Spring Is A Sweet Butterfly Knot.Thirty-Seven Gray B07FN85H3H ParentKPHY Women'S Shoes/Simple Side Empty Flat Shoes Comfortable Anti Slip Soft Bottom Pregnant Summer Thirty-Seven... B07FN83P46 Parent
KPHY Women'S Shoes/In Spring And Autumn Diamond Drill Is Used To Decorate Shallow Shoes.Thirty-Six Black B07FN8C1RS Parent , KPHY Women'S Shoes/In Spring And Autumn Are Flat And Flat.Thirty-Eight Blue B07FN84CRT Parent , KPHY Women'S Shoes/Simple Net Gauze Summer Low And Comfortable Shallow Pointed Square Shoes.Thirty-Six Gray B07FN8M9WQ Parent
KPHY Women'S Shoes/Sweet Fairy Shoes Summer Hollow Shallow Square Flat Bottomed Hole Shoes Soft Sole Shoes.Thirty-Nine... B07FN85H37 Parent , KPHY Women'S Shoes/In Spring And Autumn Are Flat And Flat.Thirty-Six Gules B07FN85WK1 ParentKPHY Women'S Shoes/Sweet Slope And Sandals Girl Shoes With Pinched Toes Beige Thirty-Nine B07FN85HJF Parent
KPHY Women'S Shoes/Simple Net Gauze Summer Low And Comfortable Shallow Pointed Square Shoes.Thirty-Nine Gray B07FN86RX9 Parent , KPHY Women'S Shoes/Simple Net Gauze Summer Low And Comfortable Shallow Pointed Square Shoes.Forty Gray B07FN85ZKJ ParentKPHY Women'S Shoes/In Spring And Autumn Are Flat And Flat.Forty-One Black B07FN8W3H6 Parent
KPHY Women'S Shoes/Autumn Wrinkle Cloth Square Head Shallow Mouth Antiskid Flat Bottomed Work Shoes Single Shoes.Forty... B07FN863HV Parent , KPHY Women'S Shoes/Summer Fashion Velvet Hollow Thin Low Heel Light Grey Grey Shoes.Thirty-Seven Gray B07FN8DTF3 Parent
KPHY Women'S Shoes/Women'S Shoes/In The Autumn And Winter Leather Shoes Leather Shoes And Sponge Shoes.Thirty-Eight... B07FN87D1Y Parent , KPHY Women'S Shoes/Spring 10Cm High Heel Shoes Sharp Head Shallow Buckle Thin Shoes Black And Thin.Thirty-Four... B07FN94388 Parent , KPHY Women'S Shoes/In Autumn Lacquer Skin Has A Shallow Pointed Tip Low Heel Shoes And Mother Shoes.Forty Black B07FN8B11Q Parent , KPHY Women'S Shoes/Spring Diamond Buckles Slip Bottomed Soft Sole Single Shoes Working Shoes.Thirty-Seven Pink B07FN88CHF Parent
KPHY Women'S Shoes/Summer Fashion Embroidery Hollowed Out Shallow Pointed Comfortable Flat Bottomed Working Shoes.Thirty-Six... B07FN8C3G1 Parent , KPHY Women'S Shoes/Autumn Wrinkle Cloth Square Head Shallow Mouth Antiskid Flat Bottomed Work Shoes Single Shoes.Thirty-Six... B07FN85YLJ Parent , KPHY Women'S Shoes/Fashion Spring Bow Suede Comfort Square Head Flat Bottom Sole Shoes.Thirty-Nine Sugar Color B07FN8FTN1 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.