Oil, economic stimulus expectations drive global equity rally
In this week’s video update:
- Crude oil prices rose above $31.50 a barrel on Friday as expectations for global demand stabilized, driving a global equity rally (see this paper for more on expressing a bullish view in oil)
- Why economic stimulus expectations in the Eurozone and Japan contributed to investors taking a “risk on” approach globally (Learn more in our 2016 Annual Global Market Outlook)
- December new-home sales and January Flash PMI both helped drive investor optimism higher as the week ended
- China’s 4th quarter GDP a good sign for investors across Asia (See our 2016 Asia Pacific Outlook)
Chief Investment Strategist Erik Ristuben joins host Mark Soupiset on this week’s Market Week in Review webcast to discuss the pop in the price of crude oil and why it has given equity investors more confidence in the global economy.
Ristuben also examines December and January U.S. economic data, and new comments from ECB President Mario Draghi that the central bank will put “no limits” on policy actions in order to achieve its inflation goals.