More volatility today. The s p did fall nearly 4 last week. Stocks are heading for the worst since december. I want you to look at the imf function area this is a look at the performance at the s p 10 sectors. We are seeing an acceleration of declines. Seven of we are seeing the 10 sectors in the negative surprising that energy is down 7 10 of 1 because of what is happening in the oil price. The biggest story of the day here. What are we seeing in the oil markets . Basically we did see oil fall below five dollars per barrel. Talkingpped positively, about volatility for a hot second, now it is trading down again. Row, butecond day in a off of its lows. The crude is at its lowest level since february 2009. Natural gas. Down 6 right now. We saw its lowest price since 2002. This is because those weather forecasts keep talking about warmer weather because of el nino happening in the pacific ocean. Is up sixr yield basis points. Equities push into positive territory. Sinces the biggest rise
Four-fifths of respondents in the WEF Chief Economists Outlook s April edition expect the global economy to either strengthen or remain stable in 2024.
This positive shift.
Feb 14, 2024 // Analysts and policymakers predict an optimistic soft landing for the global economy despite recent disruptions to global trade caused by the Red Sea Crisis. Such disruptions, alongside Europe's lackluster growth, suggest a turbulent year ahead, writes Kenneth Rogoff.
The Government has set the GDP growth target at 6-6.5 per cent this year, after 2023 slowed to 5.05 per cent on weak global demand. New drivers from promoting innovation, high technology, green growth and digital transformation will create room for a stronger rebound.