XZGC Beach Shoes Female Slippers Sea Border Slide Clip Pin to Field A Drag and,7.5 UK,Black B07BSMZHWB Parent , XZGC Clip Pin Sandals Women Flat-Bottomed Non-Slip Pearl Beaded Beach Shoes,3 UK, Silver B07BSMZHW1 Parent ,
XZGC Sandals Female Students With Simple Low-Slip Beach Shoes B07BSNQP9X ParentXZGC Sandals Female Terrace and A Flat Base Student Beach Beaded Shoes B07BSNT7NJ ParentXZGC The Pearl Beaded Clip Toe Sandals Female Summer Tourist Resort Beach Shoes,4 UK, Black B07BSPXHRY Parent ,
DANDANJIE Womens Shoes Bow Slimming Stitching Lattice Temperament Shoes Pointed-Toe High Heels Sexy Shoes Spring... B07BSP7H1B ParentXZGC Clip Pin Sandals Women Flat-Bottomed Non-Slip Pearl Beaded Beach Shoes B07BSQJ4PB ParentXZGC Sandals Female Summer Butterfly Water Drilling Anti-Slip Comfort Grip Toe Shoes Ocean Beach. B07BSQJ4N9 Parent , DANDANJIE Womens Shoes Plush Plaid Pointed-Toe High Heels Sexy Shoes Spring Summer Simple Shopping Party Night... B07BSQNGN7 Parent , Sandals Female Simple Low-Students With A Non-Slip Beach Shoes,5 UK,Pink B07BSQMRCS Parent ,
XZGC Beach Shoes Female Water Drill Flat Bottom Slope With Stylish Clip and Seaside Resort Sandals,6 UK, Silver B07BSQYX45 ParentWomens Shoes Frosted Suede Sexy Shoes Spring Summer High Heels Simple Party Night Club Shoes (Black Gray Apricot) B07BSQP4GV Parent ,
Elegant Gemstone Water Drill Clip Toe Sandals Slope With The Tightening Strap Non-Slip Beach Shoes Female,8 UK... B07BSRHFL1 ParentXZGC Sandals Female Summer Water Drill Flat Bottom Clip Pin Student Ethnic Style Retro Beach Shoes,6 UK,Black B07BSR28ZW ParentSandals Female Summer Water Drill Flat Bottom Clip Pin Student Ethnic Style Retro Beach Shoes,3.5 UK,The Red B07BSTDWFB ParentXZGC Sandals Female Summer Water Drill Flat Bottom Clip Pin Student Ethnic Style Retro Beach Shoes,3 UK,Light... B07BSRL84Z Parent ,
XZGC Clip Pin Sandals Women Flat-Bottomed Non-Slip Pearl Beaded Beach Shoes,6.5 UK, Silver B07BSTH7BM ParentSandals Female Summer Water Drill Flat Bottom Clip Pin Student Ethnic Style Retro Beach Shoes,8 UK,Pink B07BSTH1GN Parent , XZGC Sandals Casual Stylish Beaded Ethnic Style Clip-Toe Shoes Female,4 UK,Dark Blue B07BSTNTM2 Parent , Sandals Female Summer Water Drill Flat Bottom Clip Pin Student Ethnic Style Retro Beach Shoes,4 UK,Light Brown B07BSTM7YL Parent ,
Beach Shoes Female Water Drill Flat Bottom Slope With Stylish Clip Toe Sandals,7.5 UK, Golden Beach Resort B07BSVHVHY ParentXZGC Summer High Heels Sexy Dew-Toe Sandals Slotted For Women Shoes,2 UK, Black B07BSTYH38 ParentXZGC Sandals Female Summer Butterfly Water Drilling Anti-Slip Comfort Grip Toe Shoes Beach Oceanfront,7.5 UK,... B07BSVLBRK ParentXZGC Beach Shoes Girl Clip Toe Sandals Water Drill That The Elastic Band of,6.5 UK, Ink Black B07BSVHVJ5 Parent , Sandals Female Simple Low-Students With A Non-Slip Beach Shoes,3.5 UK,Light Brown B07BSVR5LD Parent ,
XZGC Beach Shoes Female Slippers Sea Border Slide Clip Pin to Field A Drag and,3.5 UK,Light Brown B07BSVLBRL ParentXZGC Elegant Gemstone Water Drill Clip Toe Sandals Slope With The Tightening Strap Non-Slip Shoes Female,3.5 UK... B07BSW5YZH ParentXZGC Sandals Female Summer Butterfly Water Drilling Anti-Slip Comfort Grip Toe Shoes Beach Oceanfront,3 UK, Black B07BSVWB7G Parent , XZGC The Pearl Beaded Clip Toe Sandals Female Summer Tourist Resort Beach Shoes,6.5 UK, Black B07BSX67KN 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.
CORP-11165
