Oil Demand Optimism and Rising Consumer Prices By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Four Factors To Consider in Oil Resumption of international air travel could boost oil demand in H2. Oil majors Saudi Arabia, Russia expected to raise supply as demand improves. U.S. shale oil output increase has lagged … Read More
Upcoming Webinar: Getting Started with Micro Bitcoin Futures
Getting Started with Micro Bitcoin Futures Join CME Group for a webinar on Wednesday, April 28 at 9:00 a.m. CT to learn more about Micro Bitcoin futures, which will join the growing suite of cryptocurrency risk management solutions at CME Group starting May 3. Craig Bewick, Senior Director of Client Development and Sales at CME Group, will … Read More
US Full Employment and Yuan’s Uncertain Path
US Full-Employment Prospects and Surging Yuan’s Path Ahead By Blu Putnam, Chief Economist Erik Norland, Senior Economist CME Group Yuan Rises Amid US Demand for Chinese Goods Yuan gained 10% against US dollar in 10 months through January 2021. US demand for Chinese products helped fuel the yuan’s appreciation. Demand could switch to US service sector … Read More
Retail Spending Optimism
US Retail Spending Set to Boom? By Blu Putnam, Chief Economist Erik Norland, Senior Economist CME Group Restaurants, Air Travel Could Get a Boost Pandemic caused shift in consumer spending from services to goods. Consumer spending could pick up amid vaccines, stimulus checks. Restaurants could have a banner year, air travel is already rising. US growth … Read More
Gold at Crossroads and the Crude Oil-Soybean Oil Nexus
Gold at Crossroads and the Nexus Between Crude Oil and Vegetable Oils By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Investors Conflicted Over Gold’s Direction Data indicates two opposing investor sentiments in gold. Potential for inflation to head higher could be supportive. Rising inflation expectations reflect economic optimism. Gold faces headwinds … Read More