JSHOE Women's Latin Salsa/Tango/Chacha/Samba/Modern/Jazz Dance Wedding Party Evening Dance Shoes Sandals High... B07D7Z2457 Parent , FANG-STUDIO Leather Shoes, Women's Shoes, Folk Style, Hand Stitch, Sandals, Cowboy, Leather Shoes, Summer Shoes... B07D8QRBCF Parent
LINYI Stiletto Heels Sandals Female New Word Buckle Fine with Wild Summer High Heels Open Toe Shoes B07D8VHX2J Parent , shoe Women's Sandals Fish Mouth High Heels Waterproof Platform Thick Buckle Colorblock B07D8VKDPH Parent , shoe Women's Sandals Pointed Shallow Mouth High Heel Cross Belt Fine with Roman B07D8VTKJZ Parent , shoe Women's Sandals Pointed Shallow Mouth Thick Buckle High Heels B07D8VVSZX Parent , shoe Women's Sandals Open Toe High Heels Thin Belt Ankle Straps Roman B07D8XHSXD Parent , shoe Women's Sandals Pointed Shallow Mouth High Heels Fine with Backspace Suede Rivet B07D8ZFTBX Parent , shoe Women's Sandals Open Toe Thick Bottom Slope Frosted Large Size Roman B07D8Y293F Parent
QXH Women's Shoes Sandals Shallow Mouth Thick Bottom Round Head High Heel B07D8ZHKX5 Parent , shoe Women's Sandals Pointed Shallow Mouth High Heel Buckle Fine with Suede B07D8ZJW39 Parent , shoe Women's Sandals Fish Mouth High Heel flip Flop Colorblock Waterproof Platform Fine B07D91136B Parent , RFF-Spring, summer and autumn shoes Heels Sandals/Ankle Strap Sandals/Open Toe Sandals/Women’s Sandals/Summer... B07D91PT3S Parent
shoe Women's Sandals Clip Toe Flat Long Tube Hollow Tie Roman B07D92D13P Parent , QXH Women's Shoes Sandals Thick Bottom Round Head High Heel Belt Buckle B07D92DV4W Parent , Men's/Women's Sole Annie Shoes Navy B07D98VJJ6 Parent Ideal gift for all occasions delicate Contrary to the same paragraph , LINYI WOMEN New Open Toe Shoes Hollow Transparent Stiletto Heels Wild Summer Ladies High Help Sandals B07D9KF7ZX Parent , LINYI Pointed Shoes Women'S New Fashion Rivets With Multi Buckle Stiletto Heels Sandals Hollow High Heels B07D9KVYLD Parent , LINYI Personality Rivets Fashion Sandals Female Summer New Ankle Strap Stiletto Heels Open Toe Roman Shoes B07D9L55T9 Parent , JSHOE Women's PU Latin Salsa Dance Shoes Salsa/Tango/Tea/Samba/Modern/Jazz Shoes Sandals High Heels,BrownHeeled7.5cm-UK6.5... B07D9LH4NM Parent
JSHOE Women's Sexy T-strap Latin Salsa Jazz Dance Shoes Ballroom Latin Tango Party Dancing Shoes High Heels,PurpleHeeled7.5cm-UK5.5... B07D9LNNFB Parent , JSHOE Women's Dance Shoes Latin Salsa/Tango/Tea/Samba/Modern/Jazz Shoes Sandals High Heels,BlackHeeled7.5cm-UK6.5... B07D9LPVQD Parent
JSHOE Women's Latin Dance Shoes Salsa/Tango/Tea/Samba/Modern/Jazz Shoes Sandals High Heels,AHeeled7.5cm-UK4/EU35... B07D9LQ3VC Parent , JSHOE Women's Sandals Flared Heel Super Satin With Sparkling Glitter Dance Shoes,GoldHeeled6cm-UK4/EU35/Our36 B07D9LS45M Parent
JSHOE Women's Dance Shoes Latin Salsa/Tango/Tea/Samba/Modern/Jazz Shoes Sandals High Heels,Goldheeled7.5cm-UK7.5... B07D9LSP1R Parent , JSHOE Women's Sequins Latin Dance Shoes Salsa/Tango/Tea/Samba/Modern/Jazz Shoes Sandals High Heels,SilverHeeled6cm-UK6... B07D9LYFXG ParentJSHOE Women's PU Latin Salsa Dance Shoes Salsa/Tango/Tea/Samba/Modern/Jazz Shoes Sandals High Heels,WhiteHeled7.5cm-UK7.5... B07D9LYGWY Parent
JSHOE Women's PU Latin Salsa Dance Shoes Salsa/Tango/Tea/Samba/Modern/Jazz Shoes Sandals High Heels,GrayHeeled8.5cm-UK6... B07D9M1K14 Parent , JSHOE Women's Latin Dance Shoes Salsa/Tango/Tea/Samba/Modern/Jazz Shoes Sandals High Heels,GreyHeeled7.5cm-UK3.5... B07D9M3HWQ 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.