Marketmind: Messy market mood as oil irks By Reuters

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Marketmind: Messy market mood as oil irks

World markets have hunkered down ahead of the week's big central bank decisions, uncomfortable about inflation signals being sent by rising oil prices and wary of overexuberence about the proximity of peak interest rates.crude oil

Headline inflation rates are already backing up as a result of the energy price rebound and U.S. gas pump prices rose last week to $3.88 per gallon - the highest since October 2022. The risks of that scenario for U.S. and global sovereign bond markets may not yet be fully appreciated and a prolonged period of unpredictability may be in store, the Bank for International Settlements warned on Monday."Business models, trading strategies, that were predicated on that assumption are particularly vulnerable to current conditions," BIS economist Claudio Borio said.

With the U.S. autoworkers strike dragging on and a possible government shutdown also on the radar, visibility for policymakers and investors remains low.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian lender BMO to wind down retail auto finance business By ReutersCanadian lender BMO to wind down retail auto finance business
Source: Investingcom - 🏆 450. / 53 Read more »