Allhqfashion Women's Assorted Color Low-Heels Pumps-Shoes Round-Toe Pumps-Shoes,FBUDD012005 B07HF27KK3 ParentAllhqfashion Women's Pumps-Shoes Kitten-Heels Microfiber Pumps-Shoes,FBUDD011979 B07HF25CB4 Parent
Allhqfashion Women's Blend Materials Round Closed Toe Solid Buckle Pumps-Shoes,FBUDD011385 B07HF28ZCH Parent , Allhqfashion Women's Blend High-Heels Peep-Toe Solid Pumps-Shoes Pumps-Shoes,FBUDD012144 B07HF297QX Parent , Allhqfashion Women's Low-Heels Round-Toe Color Matching Pumps-Shoes Pumps-Shoes,FBUDD012189 B07HF29BCR Parent , Allhqfashion Women's Buckle Solid Round Closed Toe Pumps-Shoes,FBUDD013405 B07HF2C53H Parent , Allhqfashion Women's Pu Buckle Round Closed Toe Low-Heels Pumps-Shoes,FBUDD012311 B07HF2GCG9 ParentAllhqfashion Women's Pu Buckle Round Closed Toe Low-Heels Solid Pumps-Shoes,FBUDD012231 B07HF2F44P ParentAllhqfashion Women's Patent Leather High-Heels Pumps-Shoes Pumps-Shoes,FBUDD012031 B07HF2SZL8 ParentAllhqfashion Women's Pu Low-Heels Closed-Toe Solid Buckle Pumps-Shoes,FBUDC015877 B07HF2TV7L ParentEasemax Women's Comfy Low Chunky Heeled Square Toe Two Straps Court Shoes B07HF4NNCD Parent
AgooLar Women's Kitten-Heels Solid Pull-On PU Closed-Toe Pumps-Shoes, GMDDB011922 B07HF449HF Parent , AgooLar Women's Kitten-Heels Pull-On Square Closed Toe Pumps-Shoes, GMDDB013302 B07HF53R2T Parent
AgooLar Women's Fabric Solid Pull-On Round Closed Toe Pumps-Shoes, GMDDB013285 B07HF5FRMD Parent , AgooLar Women's Solid PU High-Heels Round Closed Toe Pumps-Shoes, GMDDB013292 B07HF59D3T Parent , TAOFFEN Women Fashion High Heel Court Shoes B07HF7GRD6 Parent , TAOFFEN Women Fashion High Heel Court Shoes Party Shoes B07HF78FVV Parent , Man/Woman Benavente Women’s 113309 Ballroom B07HFHRST1 Parent Not so expensive Beautiful appearance Explosive good goods
Man/Woman Benavente Women’s 113307 Ballroom B07HFHH28Y Parent Modern technology Win the praise of customers Contrary to the same paragraph , Man/Woman Benavente Women’s 113306 Ballroom B07HFJ4VTP Parent durable Stylish and fun Elegant and robust menu
Gentlemen/Ladies Benavente Women’s 113347 Ballroom B07HFHY5DG Parent the most convenient Order welcome Seasonal hot sale , AgooLar Women's Pumps-Shoes High-Heels Microfiber Checkered Pumps-Shoes, GMDDB012072 B07HFMJNJ8 ParentAgooLar Women's Pull-On Low-Heels Pu Solid Round-Toe Pumps-Shoes, GMDDA015770 B07HFLRTD4 Parent
AgooLar Women's PU Pull-On Round Closed Toe Kitten-Heels Solid Pumps-Shoes, GMDDB010837 B07HFMM3XV Parent , AgooLar Women's PU Low-Heels Closed-Toe Pull-On Pumps-Shoes, GMDDB011791 B07HFMQWRG Parent
AgooLar Women's PU Kitten-Heels Round Closed Toe Solid Buckle Pumps-Shoes, GMDDB011332 B07HFMWMTR Parent , AgooLar Women's Pull-On Frosted Closed-Toe Kitten-Heels Solid Pumps-Shoes, GMDDB011802 B07HFN2C1Y Parent
AgooLar Women's High-Heels Pull-On Round Closed Toe Pumps-Shoes, GMDDB011037 B07HFMZ1HR Parent , AgooLar Women's Frosted Round Closed Toe Low-Heels Solid Pumps-Shoes, GMDDB013326 B07HFN2JXH 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.