Sunday Key Economic Data
Today’s Key Economic Data
Today’s Key Economic Data
Today’s And Tomorrow’s Key Economic Data
Brazil’s cash-strapped mining giant Vale has sold four mega freighters to a Chinese consortium for US$423 million, local media reported Wednesday.
Today’s Key Economic Data
In my post of 5 days ago I highlighted how a confluence of factors had the potential to drive oil prices even lower, and down towards the $32 per barrel regions, last seen in 2009.
These are interesting times for oil traders and speculators with Friday’s OPEC meeting in Vienna now on the horizon, and the question that will then be answered is whether the group will cut output to stem the supply glut that is now increasingly having to be held offshore around the oceans of the world.
The Federal Reserve’s upcoming December meeting is likely to result in an interest rate hike; the majority of analysts are expecting the bank to make a move.
One of the many factors used to decide whether a central bank should or should not raise interest rates is inflation, of which energy is a main contributor, and given the extended bearish trend for oil prices at present this aspect of the decision making process is likely to remain sharply in focus.
Many of the world’s greatest investors have been willing to buy at a time when the majority of the market was turning away from a particular sector.
As the month of October draws to a close, and with the ghouls and ghosts of Halloween preparing to frighten and alarm in equal measure, it is the trick or treaters at the