View in your browser Market Swings and Evolving Storylines By Blu Putnam, Chief Economist, CME Group Highlights Market narratives change constantly amid stream of news and noise. US equities began falling after virus storyline shifted away from China. Equities fell further as the narrative changed again to focus on Fed’s toolkit. The Saudi-Russia discord over … Read More
Research: Supply-demand for oil
View in your browser Oil’s Supply-Demand Shock By Erik Norland, Senior Economist, CME Group Highlights Oil prices tumbled in 1985-86 and again in 2014-2016. Abrupt increase in oil output precipitated the declines. Current selloff triggered by both supply and demand shocks. Global oil demand has fallen due to spread of coronavirus. Watch video Connect with … Read More
Metals tackle weak growth, meager dividend payouts
Metals take weak growth in stride and dividend payouts look meager By Erik Norland, Senior Economist, CME Group Dividend Payouts Look Meager in 2020s Dividend futures can reflect investor sentiment on economy. Futures pointing to a mere 8% growth in payouts in 2020s. The payout contrasts with growth projected at 50% in 2018. Growth flatlines … Read More
Research: Oil’s Far-Reaching Impact
Oil: Global Ramifications of Falling Prices By Erik Norland, Senior Economist, CME Group Highlights US oil production could peak in late 2020 as capital expenditures (capex) falls further. Decline in oil prices could pressure commodity currencies, ag prices. The fall could buffer Covid-19 economic impact in China, Europe, Japan. Read article
Spring forecast: Robust jobs growth, risk of floods
Spring forecast: Robust jobs growth, risk of floods By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Flood Risk Foreshadows Spring Planting Farmers on high alert for flood risk ahead of spring planting. Severe flooding in the Midwest delayed seeding in 2019. Levees on Mississippi, Missouri rivers are not fully restored. If … Read More