After a year of relatively cheap driving, gasoline prices are creeping higher and consumers could even see a price spike by mid-2017.
More than a dozen expected stock offerings of relatively obscure software firms targeting business customers – little-known names such as Apttus, Tintri and Okta – could be essential to potentially raising billions in a long-frozen IPO market.
Investors are not just expecting a rally — we’ve already had that — they are expecting some kind of global reflation to occur.
Out with the oil and in with electric.
One strategist said in 2017 “a reduced regulatory backdrop with reduced taxes should encourage corporate animal spirits.”
The European Central Bank should have explained more clearly why it nearly doubled its estimated capital shortfall for the ailing Monte dei Paschi di Siena bank, which is being bailed out by the state, Italy’s economy minister said.
“The Great Canadian Short – short the banks, short the housing-related stocks – that may be slipping into the dollar as well but I think we are putting a lot of long-term economic hopes on short-term phenomenon,” Lyle Stein, senior portfolio manager at Vestcap Investment Management, told BNN early Wednesday.