ZHRUI Buckle Straps Adjustable Sandals for Women Leather Platform Rocker sole Shoes (Color : White, Size : UK... B07H2GBDCY Parent , ZHRUI Clip Toe Sandals for Women Buckle Straps Adjustable Flat Woven Backles Beach Shoes (Color : Brown, Size... B07H2GDJL4 ParentAllhqfashion Women's Solid Low-Heels Open Toe Zipper Sandals B07H2GH86H Parent
ZHRUI Seashell Sandals Slides Women Beaded Bohemian Flat Beach Shoes with large size (Color : Beige, Size : UK... B07H2GHD6V Parent , ZHRUI Cute Sandals Furry Peep Toe Hook Loop Strap Flat Shoes for Women (Color : Pink, Size : UK 5.5) B07H2GHPH6 ParentZHRUI Rhinestone Women’s Sandals Flat Elastic Large Size Flower Sandals (Color : Gold, Size : UK 4.5) B07H2GLF1T Parent
ZHRUI Beaded Sandals Women Clip Toe Beaded Bohemian Large Size Flip Flops (Color : Black, Size : UK 7.5) B07H2GN88H Parent , ZHRUI Womens Flower Shoes Large Size Elastic Flat Slip on Soft Sandals (Color : Black, Size : UK 4.5) B07H2GP5F4 ParentZHRUI Hook Loop Strap Peep Toe Breathable Flat Sandals for Women (Color : Red, Size : UK 4.5) B07H2GPNPW ParentZHRUI Bohemia Beaded Women Sandals Clip Toe Large Size Flat Rhinestone Shoes (Color : Black, Size : UK 9.5) B07H2GPWY2 ParentZHRUI Wedge Heel Sandals Stripe Peep Toe Elastic Buckle Strap Shoes for Women (Color : Black, Size : UK 3.5) B07H2GSQQQ ParentZHRUI Women Woven Sandals Metal Beaded Large Size Bohemian Beach Shoes (Color : Purple, Size : UK 6.5) B07H2GV9JP Parent
Allhqfashion Women's Frosted Zipper Open-Toe High-Heels Solid Sandals, FBULD015139 B07H2GX7Z1 Parent , Allhqfashion Women's Soft Material Low-Heels Open-Toe Buckle Solid Sandals B07H2GX7ZF Parent
ZHRUI Sandals (Color : Blue, Size : UK 4.5) B07H2GYC9Q Parent , ZHRUI Leather Sandals Women Hook Loop Flat Peep Toe Soft Summer Shoes (Color : Beige, Size : UK 4.5) B07H2GYCJN ParentZHRUI Woven Sandals Women Large Size Flat Beach Bohemia Elastic Shoes with Beaded (Color : Black, Size : UK 4.5) B07H2GYLDL ParentZHRUI Bohemian Sandals Women Wedge Heel Beaded Elastic Strap Shoes (Color : Beige, Size : UK 6.5) B07H2H1K6Y ParentZHRUI Large Size Sandals Women Beaded Rihinestone Elastic Flat Shoes (Color : Red, Size : UK 5.5) B07H2H1K78 Parent
ZHRUI Large Size Shoes Women Beaded Elastic Flat Bohemian Sandals up (Color : Pink, Size : UK 8.5) B07H2H1VLG Parent , Allhqfashion Women's Low-Heels Imitated Suede Solid Buckle Open-Toe Sandals B07H2H2DFT Parent , ZHRUI Flower Sandals Women Large Size Beaded Clip Toe Slip on Bohemian Shoes (Color : Beige, Size : UK 7.5) B07H2H2SX9 Parent , ZHRUI Metal Sandals Women Beaded Elastic Strap with Clips Rhinestone Flat Shoes (Color : Black, Size : UK 4.5) B07H2H2SXF ParentZHRUI Metal Sandals Women Elastic Strap with Clips Large Size Rhinestone Shoes (Color : Black, Size : UK 6.5) B07H2H4Q1P Parent
ZHRUI Bohemian Sandals Women Summer Clip Toe Flat Beaded Shoes (Color : Beige, Size : UK 5.5) B07H2H4Q1Q Parent , ZHRUI Flower Sandals Women Elastic Strap Flat Beaded Soft Sole Shoes (Color : Beige, Size : UK 5.5) B07H2H5ZXX Parent , ZHRUI Star Sandals Women Large Size Clip Toe Soft Sole Flat Flip Flops (Color : Silver, Size : UK 6.5) B07H2HHFHZ Parent , ZHRUI Mesh Breathable Sandals for Women Elastic Strap Peep Toe Shoes (Color : Green, Size : UK 7.5) B07H2H5ZYJ Parent
ZHRUI Blue Sandals for Women Flat Clip Toe Elastic Large Size Bohemian Shoes (Color : Black, Size : UK 7.5) B07H2HL8TX 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.