snfgoij Woman Black High Heels Fashion Sexy Work Court Shoes Wedding Shoes Word Button,Pink-8cm-EU:37/UK:4.5 B07CR167MQ Parent , snfgoij Woman Black High Heels Fashion Sexy Work Court Shoes Wedding Shoes Word Button,Black-8cm-EU:37/UK:4.5 B07CR8P9VK Parentsnfgoij Woman Black High Heels Fashion Sexy Work Court Shoes Wedding Shoes Word Button,Black-8cm-EU:35/UK:3 B07CR4N38R ParentKPHY Women's Shoes/Fashion/Summer/Block Ankle7Cm New Tip Shallow Mouth High Heels with Fine All-Match with 'S B07CSP1MHR Parent
KPHY Women's Shoes/Fashion/Summer/Block Anklelow Documentary Female Tip with A Fine Shallow Mouth 3Cm High Heels... B07CSMT89P Parent , Court Shoes For Women Black Leahter Slip On Pointed Toe Flat Low Heels Party Work Comfy Pumps B07CSZ15B8 Parent
DKFJKI Lady Fine with High Heels Pointed Single Shoes Shallow Mouth Low Shoes Professional Work Shoes B07CTFL3QY Parent , Womens Low Block Heel Leather Bow Tie Ladies Bridal Evening Party Prom Work Bridesmaid Court Shoes B07CTKVF43 Parent , Womens Mid Block Heel Slip On Smart Office Ladies Soft Leather Pumps Court Shoes B07CTKPX2Q Parent
Zerimar Leather Ballerinas for Women | Dolly Pumps | Ballerinas Shoes for Women | Dolly Pumps for Women B07CTL5XRN Parent , Womens Slip On Low Block Heels Pumps Diamante Comfort Work Office Loafer Court Shoes Ladies Girls Size B07CTL51HL Parent , Womens Slip On Smart Office School Girls Ladies Black Patent Leather Low Block Heel Pumps Court Shoes B07CTLNR2C ParentDANDANJIE Womens Shoes Summer Buckled Ankle Strap High Stiletto Heel Pointed Toe Suede-PU Court Shoes B07CTMMWKF Parent
DANDANJIE Women Shoes Pointed Toe Block Heel Sandals Ankle Strap Pumps with Buckle Spring and Summer High Heels... B07CTNG5G3 Parent , Women's Pointed High Heels Fine with Black Professional Work Shoes Work Shoes Dress High Heels Fashion Simple B07D1HGFTW Parent
DKFJKI Women's Pointed High-Heeled Shoes Rough Heel Shallow-Mouthed Shoes Black Professional Work Shoes Simple B07D1HD8JL Parent , Women's Pointed High-Heeled Shoes Shallow Mouth Mixed Colors Fine with A Single Shoes Fashion Personality Dresses... B07D1HJP4D Parent
DKFJKI Women's Pumps Pointed Low-Heeled Shoes Square Buttons Sleek Casual B07D1HN47T Parent , DKFJKI Women's Pointed High Heels Fine Heel Buckles Black Work Shoes White Wedding Shoes Simple Simplicity B07D1HSBVY Parent
Ms. Asakuchi Studded High Heels Pointed Shoes Strap Fashion B07D1HP487 Parent , DKFJKI Women's High Heels Buckle Buckle Stiletto Shoes Mid Heel Pumps Sequins Fashion B07D1J4X7C Parent
XUERUI New Comfortable Shallow Mouth Shoes Female Waterproof Platform Fashion Thick With Super High Heels (Size... B07D1NGCZS Parent , Koyi Opened Toe Platform Shoes Sexy Bow Superfine Pumps High Heels Sandles 13cm Summer Wedding Party B07D1KFCFN Parent , Spring Europe and The United States with A Word Buckle Metal Buckle Fashion Hollow Shallow Mouth Shoes Women B07D1PDHQW Parent , WEIQI-Women High Heel Sandals/Comfortable Buckle Fish Nose Shoes/Slope Heel, Shopping/Pparty， 8cm, 34-41 B07D1Q7RZM Parent , Women's Shoes PU Spring Fall Basic Pump Comfort Wedding Shoes Stiletto Heel for Wedding White B07D2959JB Parent , Ximu Opened Toe Platform Shoes Sexy Bow Superfine Pumps High Heels Sandles 13cm Summer Wedding Party B07D261FDR Parent , Women's Shoes PU Spring Fall Comfort Wedding Shoes Stiletto Heel Pointed Toe Rhinestone Pearl Buckle for Wedding... B07D29SPCN Parent , Lsm-Heels Women's Block Square Head Shallow Mouth Shoes,Red,35 B07D37QJ1M 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.