Chinese companies’ earnings prospects have brightened, propelled by a series of easing measures and an economic recovery that is seen as sustained but there is no big bang stimulus in the pipeline, said officials at investment manager Cambridge Associates which oversees US$548 billion in assets.
the headlines, u.s. crude oil exports to gain tail wendy s from saudi arabia. saudi arabia slashings oil supply. basically the de facto leader of opec saudi arabia saying on sunday drop production by 10%. one million barrels per day. big picture what does that mean. what does that mean for your industry. it s a market that is relatively well supplied today by most accounts but we have seen a tug-of-war between bullish expectations with china reopening and strong demand and concerns about the debt ceiling. the fed raising rates. a slowing economy. so there has been somewhat of a range bound market. the read i get out of it is saudi arabia is concerned the market could be trending toward oversupply and this tends to keep things stable and balanced what is your biggest concern
UK Inflation Data Means Higher Rates, Recession More Likely 1340 GMT - UK inflation data makes a recession more likely as the Bank of England is now pushed to raise interest rates further and. | June 11, 2023