Market Analysis

Australia’s Consumer, Business Sentiment Lift as Inflation Ebbs
  • November 12, 2024

Australia’s Consumer, Business Sentiment Lift as Inflation Ebbs

(Bloomberg) -- Australia’s consumer sentiment rose in November while business confidence jumped to the highest level since early 2023, reflecting ebbing inflation pressures that suggest the next move in interest rates will be a reduction.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, Immi

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New Zealand’s Sputtering Economy Highlighted by Concrete Slump
  • November 11, 2024

New Zealand’s Sputtering Economy Highlighted by Concrete Slump

(Bloomberg) -- New Zealand’s concrete production slipped to the lowest level in nine years, highlighting a construction slowdown in a sputtering economy.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationOutput fell 9.3% to 3.88 million cubic meters in the 12 months through Septemb

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Oil Retreats on Weak Outlook for Chinese Demand, Stronger Dollar
  • November 11, 2024

Oil Retreats on Weak Outlook for Chinese Demand, Stronger Dollar

(Bloomberg) -- Oil extended declines as a soft outlook for demand in China, the world’s largest crude importer, continued to plague the market.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationWest Texas Intermediate retreated 3.3% to settle near $68 a barrel, while Brent settled

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Oil falls on Chinese stimulus disappointment, supply outlook
  • November 11, 2024

Oil falls on Chinese stimulus disappointment, supply outlook

HOUSTON (Reuters) -Oil prices fell by more than 2% on Monday after China's latest stimulus plan disappointed investors seeking demand growth in the world's second-biggest oil consumer, while supply looked set to rise in 2025. Donald Trump's U.S. election victory may continue to affect the market, said Phil Flynn, senior analyst for the Price Futures Group. "The election with Trump's promise to 'drill, baby, drill' has taken away some incentive to go long," Flynn said.

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