WANGXIAOLIN Summer Flower Rhinestone Bohemia Flat Heel Sandals (Color : Apricot, Size : 42) B07CC4QT6D ParentVB Women Sandals Flat Heel Round Toe Beaded Sandals B07CBZ7CVQ Parent ,
Women's Summer Clip Toe Sandals | Women's Sandal Women's sandals | Bohemia Ladies Sandals | flat footwear Beach... B07CCG2ZGF ParentYUCH Women's High Heels Sanding and Sanding Summer Baotou Sandals B07CBXHC81 ParentGentleman/Lady Blowfish Galaway B07CCGS2V5 Parent Adequate supply and timely delivery special function Very good classification ,
OME&QIUMEI The Girl With Flat Sandals Sandals Student Flats Sandals B07CC4PWVV ParentWomen's Summer Clip Toe Sandals | Women's Sandal President Tourist Beach Big yards Sandals | Women's sandals,... B07CCHD8VW Parent ,
Women's Summer Clip Toe Sandals | Women's Sandal Stylish, large, flat footwear | Europe | Women's sandals sandals B07CCHF878 ParentCHENGXIAOXUAN Rhinestone Crystal Flip-Flops Beach Sandals Ladies Sandals Casual High-Heeled Sandals Heel Height... B07CCHMZ36 Parent , Women's Summer Clip Toe Sandals | Women's Sandal Women's cool slippers | stylish, large, flat footwear | Recreation... B07CCHRWY4 Parent , Women's Summer Clip Toe Sandals | Women's Sandal A large number of Ms. flat footwear | fashion European and American... B07CCHZ16F Parent , CHENGXIAOXUAN Ms. Sandals Slope with Flip-Flops Floral Slips Girls Cool Slippers Korean Summer Sandals B07CCHZT3V Parent , Women's Summer Clip Toe Sandals | Women's Sandal Stylish, large, flat footwear | Europe | stylish sandals Ladies... B07CCJBCBM Parent ,
Women's Summer Clip Toe Sandals | Women's Sandal Stylish, large, flat footwear | fashion European and American... B07CCJBCBN ParentWomen's Summer Clip Toe Sandals | Women's Sandal Women's sandals | Western Bohemia national wind beach female... B07CCJY4XH Parent , Women's Summer Clip Toe Sandals | Women's Sandal President flat footwear | fashion European and American Sandals... B07CCJY5LB Parent ,
Women's Summer Clip Toe Sandals | Women's Sandal Fashion ladies big yards Sandals | rivet sandals B07CCK4364 ParentWomen's Summer Clip Toe Sandals | Women's Sandal Ladies Sandals | Women's comfortable cool slippers | stylish,... B07CCK6DX9 ParentWomen's Summer Clip Toe Sandals | Women's Sandal American and European Women's sandals | Fashionable Bohemia Ladies... B07CCKCJ1D Parent ,
Amazing Summer Sandals Ethnic Style Flower Rhinestone Toe Sandal Slippers Summer Comfort Flat Bottom(Optional... B07CCKNLY7 ParentZBeiBei Women's High Heel Shoes Peep Toe Sandals Platform Stiletto Pumps B07CCKT1XQ ParentThe Terrace and fine with sandals female summer fine with slotted-in straps, Black,37 B07CCLVKX5 Parent , yalanshop Sandals Small Peppers female slotted octopus mouth sandals small pepper dew-toe, with gold, 37 of which... B07CCM5PC5 Parent ,
yalanshop Sandals Small Peppers female slotted octopus mouth sandals small pepper dew of peace-keeping operations... B07CCM6563 Parentyalanshop The Terrace and fine with sandals female summer fine with slotted-in straps, white 36 B07CCM7BZG Parent , Sandals XIAOLIN Summer Gold And Silver Clip Toe Rhinestone Flat Heel Holiday Wind Roman Female Diamond Students... B07CCM7RXH Parent ,
IGI&Co 1180 High Heeled Sandals Women Grey 35 B07CCMQHB6 ParentZBeiBei Womens Fashion Mid Heel PU Leather Salsa Tango Latin Elegant Dance Shoes Sandals B07CCN2C7V ParentWomen's square toe plain colored sandal sleek and versatile, with sandals, a red circle of peace-keeping operations 37 B07CCMX9W6 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
