Gas has an important role to play in the global energy transition, according to the head of EMEA natural resources research at Goldman Sachs. Speaking to CNBC Friday, Michele Della Vigna said that, in his personal view, gas was “part of the end solution.” According to the International Energy Agency, natural gas supplies 22% of … Read more
When looking ahead to the Federal Reserve’s three predicted interest rate hikes for 2017, only wage growth data matter, strategist Boris Schlossberg told CNBC on Thursday. “This is the only economic number you should be watching for the next three months. If wage growth isn’t there, the Fed stays still. Mark my words,” Schlossberg told … Read more
Problems are piling up in Italy, sending Italian stocks sinking and creating fresh concerns about the future of the European Union. The ETF tracking the MSCI Italy index (EWI) has become one of the year’s worst-performing, losing about a quarter of its value in 2016. Unfortunately, Boris Schlossberg, managing director of FX strategy for BK … Read more
Gold is probable to move lower back to its lows, even after starting the year off with a bang, consistent withWells Fargo’s head of actual asset strategy, John LaForge. His argument hinges on commodities tendencies that date again all of the way to 1800 and display what he calls “commodity undergo amazing cycles,” every of … Read more
The S&P 500 ought to quickly hit a document excessive due to some of effective forces comingtogether, closely observed marketplace watcher Jim Paulsen said Thursday, following the exceptional -day rally on Wall avenue when you consider that March. financial growth, not best inside the U.S. but round the sector, is choosing up in a “synchronized”fashion, … Read more
A weakening dollar has eased worries about U.S. organizations‘ overseas overall performance, howeverEvercore ISI portfolio strategist Dennis Debusschere warned on Tuesday that horrific news can simplesttranslate into properly information for so long. The greenback has weakened due to the fact crucial banks were suppressing volatility and U.S. economicinformation had been deteriorating, Debusschere stated. As a … Read more
The Federal Reserve’s dovish stance on interest costs is increasing the dangers of economic fallout from acharge hike in the future, Steven Wieting, Citi non-public financial institution‘s leader global investmentstrategist, stated Wednesday. Fed policymakers indicated in March they would increase costs fewer times than they formerly deliberate,citing financial conditions in overseas markets among other things. … Read more
Emerging market equities are outperforming stocks in developed economies this year, but the trend could be short lived, Geoff Dennis, head of global emerging market equity strategy at UBS, warned on Wednesday. Since late January, emerging market stocks have rallied about 15 percent as the dollar has weakened and commodity prices have rebounded, Dennis noted. … Read more