Superga Women's and White Sneakers Black in Size UK 7 Parent B06XGBCHZV
GLTER Women Pointed-toe Boots 2017 New Mesh Yarn Hollow Belt Buckle High-heel Boot Parent B074DR7HRK , JING Female coarse heel shoes In the spring of bold and comfortable with light-tip women's shoes single shoes Parent B07BZT1Z93
adidas Originals Women's FLB W Sneaker, Ice Blue/Pearl Grey/Gum, 6.5 Medium US Parent B01MU0PBNE , adidas Originals Women's FLB W Sneaker, Ice Blue/Pearl Grey/Gum, 7 Medium US Parent B01MXYA6CI
Clarks Women’s Tri Bella Low-Top Sneakers, Grey, 3 UK Parent B07D52FT7Q , Womens's Shoes New Slip On Thick Bottom Shaking Shoes Height Increase Athletic Casual Canvas Shoes Air-Cushion... Parent B07CQWYQP7 , Sandalette-DEDE Ladies' shoes, rough shoes, European style, high heel, single shoes, retro high heels and single... Parent B07FPN74WC , Converse Unisex Adults' Star Player Ox Trainers, White Navy Black, 7 UK Parent B078VZV7YP
Carlos by Carlos Santana Women’s Park Walking Shoe, Purple, 10 M US Parent B01LDRJA36 , BEARPAW Women's Trisha Snow Boots, Black Sheepskin, 10 M Parent B00TE1QWQCMen/Women STAU Women's Trainers Parent B0787DTMHK Various goods First batch of customers Acknowledgement feedbackVans Men's M Chima Ferguson Trainers Off White Size: Parent B00L4AUFKK
MINITOO Ladies TH123 Knot Ankle Strap Red Satin Wedding Ballroom Latin Taogo Dance Sandals 6 UK Parent B00THXZ5NS , Fila Women's Smokescreen 3 Walking-Shoes Parent B01NH0U958MINITOO Ladies TH123 Knot Ankle Strap Red Satin Wedding Ballroom Latin Taogo Dance Sandals 3 UK Parent B01769JP7G
MINITOO Ladies TH123 Knot Ankle Strap Red Satin Wedding Ballroom Latin Taogo Dance Sandals 2 UK Parent B01769JMNS , MINITOO Ladies TH123 Knot Ankle Strap Red Satin Wedding Ballroom Latin Taogo Dance Sandals 2.5 UK Parent B01CX4ZFVY , MINITOO Ladies TH123 Knot Ankle Strap Red Satin Wedding Ballroom Latin Taogo Dance Sandals 4 UK Parent B01769JRYCMINITOO Ladies TH123 Knot Ankle Strap Red Satin Wedding Ballroom Latin Taogo Dance Sandals 3.5 UK Parent B01CX4ZHT4MINITOO Ladies TH123 Knot Ankle Strap Red Satin Wedding Ballroom Latin Taogo Dance Sandals 4.5 UK Parent B01CX4ZJYCMINITOO Ladies TH123 Knot Ankle Strap Red Satin Wedding Ballroom Latin Taogo Dance Sandals 5.5 UK Parent B01CX4ZM94MINITOO Ladies TH123 Knot Ankle Strap Satin Wedding Ballroom Latin Taogo Dance Sandals Parent B01CX4ZP3M
MINITOO Ladies TH123 Knot Ankle Strap Red Satin Wedding Ballroom Latin Taogo Dance Sandals 7.5 UK Parent B01CX4ZR7Q , MGM-Joymod Women's Peep Toe Ankle Strap Suede Salsa Tango Samba Rumba Ballroom Latin Modern Dance Shoes Stiletto... Parent B07F76LKN8
Beppi Casual Shoe, Unisex Adults’ Sneakers Parent B01MV5OES7 , Girls Ladies Black PU Low Heel Ladies Girls Bar Tap Dance Shoes With Plates By Katz Dancewear Parent B00HZL6HHW
BTBTAV In Summer The New Korean Version Is Fashionable With Thick Bottom Slope And Slippery Sandals.UK 5.5 BlUE Parent B07DLTVXZB , LIUXINDA-XZ British fashion In summer, the new Korean version is fashionable with thick bottom slope and slippery... Parent B07FYBW2C1
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.