The Oil market finished on a strong, at the weak Dollar additionally created an impression of growth, but the gloomy prospects of overproduction force investors to take any positive news with great caution.
The financials markets reaction yesterday to the CPI data makes investors cautious. Inflation accelerated to 0.5% in January, significantly exceeding the forecast of 0.3% – this almost guarantees a March rate hike, but the Dollar is falling rapidly.
Investors are understanding that virtually all cryptocurrencies are brining profits and losses to the table. The largest on the capitalization has been on Bitcoin, Ethereum and Ripple, but they fell on Tuesday by more than 20%.
Are stock markets are going into a global sell-off?
The beginning of the week turned out to be quite unpleasant for the stock indices, as the world Central Bank signals have accelerated the curtailment of softening programs. This caused the stock markets around the world to take flight.
Medium-term oil optimism will turn low spirits in long-term
Oil prices fluctuated near the opening on Friday after the surge, which was caused by an unexpected drop in gasoline stocks in the US last week. Price gains on Thursday marked the Oil markets best performance in more than a week.