Twitter margins need to come down, says RBC’s Mark Mahaney

Twitter margins need to come down, says RBC’s Mark Mahaney7 Hours AgoMark Mahaney of RBC Capital Markets and Brent Thill of Jefferies discuss the tech sector ahead of a major earnings week, on CNBC’s “Squawk Alley.”


Twitter margins need to come down, says RBC’s Mark Mahaney7 Hours AgoMark Mahaney of RBC Capital Markets and Brent Thill of Jefferies discuss the tech sector ahead of a major earnings week, on CNBC’s “Squawk Alley.”
Twitter margins need to come down, says RBC’s Mark Mahaney Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22
Keywords: news, cnbc, companies, mark, tech, need, twitter, markets, thill, rbcs, come, squawk, margins, mahaney, week, sector, rbc


Twitter margins need to come down, says RBC's Mark Mahaney

Twitter margins need to come down, says RBC’s Mark Mahaney

7 Hours Ago

Mark Mahaney of RBC Capital Markets and Brent Thill of Jefferies discuss the tech sector ahead of a major earnings week, on CNBC’s “Squawk Alley.”


Company: cnbc, Activity: cnbc, Date: 2019-04-22
Keywords: news, cnbc, companies, mark, tech, need, twitter, markets, thill, rbcs, come, squawk, margins, mahaney, week, sector, rbc


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Here are the top risk events facing global oil markets

As global supply stocks lessen, oil industry experts are agreed that the crude market is becoming ever more sensitive to a sudden or unexpected disruption. However there appears to be little agreement on what the current biggest risk actually is. That means a global oversupply of crude is draining, bringing supply and demand into balance and putting the market at risk of flipping into shortage. Energy analysts tend to agree that intensifying risk indicators in the oil market is a cause for conce


As global supply stocks lessen, oil industry experts are agreed that the crude market is becoming ever more sensitive to a sudden or unexpected disruption. However there appears to be little agreement on what the current biggest risk actually is. That means a global oversupply of crude is draining, bringing supply and demand into balance and putting the market at risk of flipping into shortage. Energy analysts tend to agree that intensifying risk indicators in the oil market is a cause for conce
Here are the top risk events facing global oil markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: sam meredith, ali mohammadi bloomberg via getty images, abdullah doma, afp, getty images, oleg nikishin
Keywords: news, cnbc, companies, oil, analysts, supply, crude, markets, yearthe, global, risk, west, start, events, market, facing


Here are the top risk events facing global oil markets

As global supply stocks lessen, oil industry experts are agreed that the crude market is becoming ever more sensitive to a sudden or unexpected disruption. However there appears to be little agreement on what the current biggest risk actually is.

Oil prices have soared since the start of the year, supported by ongoing OPEC-led supply cuts, escalating fighting in Libya and U.S. sanctions on Iran and Venezuela.

International benchmark Brent crude and U.S. West Texas Intermediate crude have risen by approximately 30% and 40% respectively since the start of the year.

The primary reason for the run-up is simple: The market is tightening. That means a global oversupply of crude is draining, bringing supply and demand into balance and putting the market at risk of flipping into shortage.

Energy analysts tend to agree that intensifying risk indicators in the oil market is a cause for concern. CNBC rounds up what oil traders and analysts view as potentially the most disruptive event.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: sam meredith, ali mohammadi bloomberg via getty images, abdullah doma, afp, getty images, oleg nikishin
Keywords: news, cnbc, companies, oil, analysts, supply, crude, markets, yearthe, global, risk, west, start, events, market, facing


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Cramer’s game plan: Overvalued IPOs can dim a positive earnings season

The Dow Jones Industrial Average added 110 points on the day, the S&P 500 gained 0.16% and the Nasdaq Composite inched 0.2%. “If we get a few more of these red-hot, yet hopelessly overvalued deals … the averages will start to feel the pressure,” the “Mad Money” host said. Earnings season has been positive thus far, but it can be “crushed” by an “avalanche of new supply,” he added. “Today we got the first taste of what I believe will be many more deals that are just too expensive for my taste.


The Dow Jones Industrial Average added 110 points on the day, the S&P 500 gained 0.16% and the Nasdaq Composite inched 0.2%. “If we get a few more of these red-hot, yet hopelessly overvalued deals … the averages will start to feel the pressure,” the “Mad Money” host said. Earnings season has been positive thus far, but it can be “crushed” by an “avalanche of new supply,” he added. “Today we got the first taste of what I believe will be many more deals that are just too expensive for my taste.
Cramer’s game plan: Overvalued IPOs can dim a positive earnings season Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: tyler clifford
Keywords: news, cnbc, companies, plan, overvalued, week, markets, host, dim, cramers, earnings, stocks, ipos, sp, taste, positive, deals, game, season


Cramer's game plan: Overvalued IPOs can dim a positive earnings season

Thursday’s session signaled that the market is “getting genuinely overexuberant” and the major averages could become wobbly if more IPOs become overvalued in the near future, CNBC’s Jim Cramer said.

Pinterest and Zoom made a big splash in their debuts to public markets, while other unicorns like Uber and Slack, among others, sit in the pipeline. The Dow Jones Industrial Average added 110 points on the day, the S&P 500 gained 0.16% and the Nasdaq Composite inched 0.2%.

“If we get a few more of these red-hot, yet hopelessly overvalued deals … the averages will start to feel the pressure,” the “Mad Money” host said. “That will lead to a sell-off like we haven’t had in ages as investors dump existing stocks to raise cash for the next big IPO.”

U.S. markets will be closed on Friday in observance of Good Friday. Cramer said a “crazy week” of trading will follow on Monday. Earnings season has been positive thus far, but it can be “crushed” by an “avalanche of new supply,” he added.

As more than 100 S&P 500 companies report next week, the host warned not to trade stocks off headlines that look positive or negative because it’s a losing strategy.

“Today we got the first taste of what I believe will be many more deals that are just too expensive for my taste. So keep that in mind,” he said. “Even as I expect some terrific quarters buried in next week’s cacophony of earnings reports, call me wary.”

Here is Cramer’s game plan:


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: tyler clifford
Keywords: news, cnbc, companies, plan, overvalued, week, markets, host, dim, cramers, earnings, stocks, ipos, sp, taste, positive, deals, game, season


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JP Morgan says gains in Asian stocks are ‘already behind us’

Stock markets in Asia have already given investors most of the returns they can get this year — and shares prices in the region may struggle to grow much more for the rest of 2019, J.P. Morgan said on Tuesday. Asian stocks have had a strong start to the year after ending 2018 in negative territory. The MSCI Asia ex-Japan index — a widely followed benchmark for stocks in the region — has grown by around 13.68 percent so far this year. “We’ve been a bit more on the cautious side since … the seco


Stock markets in Asia have already given investors most of the returns they can get this year — and shares prices in the region may struggle to grow much more for the rest of 2019, J.P. Morgan said on Tuesday. Asian stocks have had a strong start to the year after ending 2018 in negative territory. The MSCI Asia ex-Japan index — a widely followed benchmark for stocks in the region — has grown by around 13.68 percent so far this year. “We’ve been a bit more on the cautious side since … the seco
JP Morgan says gains in Asian stocks are ‘already behind us’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: yen nee lee
Keywords: news, cnbc, companies, gains, markets, morgan, region, stocks, asian, jp, investors, index, grow, prices, asia


JP Morgan says gains in Asian stocks are 'already behind us'

Stock markets in Asia have already given investors most of the returns they can get this year — and shares prices in the region may struggle to grow much more for the rest of 2019, J.P. Morgan said on Tuesday.

Asian stocks have had a strong start to the year after ending 2018 in negative territory. The MSCI Asia ex-Japan index — a widely followed benchmark for stocks in the region — has grown by around 13.68 percent so far this year. The index fell by 16.24 percent last year.

“We’ve been a bit more on the cautious side since … the second week of March,” Mixo Das, Asia equity strategist at J.P. Morgan, told CNBC’s “Squawk Box.”

“I think most of the gains for this year in Chinese as well as Asian equity markets are already behind us. From here, it’s going to be more of a difficult slog. We still see gains but it’s going to be a much more volatile process,” he added.

Asked how Asian share prices will likely perform between now till the end of the year, Das responded that they could grow by a low single-digit, or remain largely flat.

He explained that valuations have become stretched compared to projections on where earnings are headed in the coming months. In addition, he said sentiment among investors have become “overextended” and “overheated.”


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: yen nee lee
Keywords: news, cnbc, companies, gains, markets, morgan, region, stocks, asian, jp, investors, index, grow, prices, asia


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Goldman Sachs expects weak earnings growth across all major markets in 2019

Investors can expect weak earnings growth across all major markets in 2019, according to Goldman Sachs’ chief global equity strategist. Both Goldman and Citigroup missed revenue estimates in financial results announced on Monday, with fellow Wall Street giants Morgan Stanley and Bank of America scheduled to report earnings later this week. “We do think that earnings growth is going to be quite weak this year in all of the major markets,” he said. “So having seen the rebound that we’ve had alread


Investors can expect weak earnings growth across all major markets in 2019, according to Goldman Sachs’ chief global equity strategist. Both Goldman and Citigroup missed revenue estimates in financial results announced on Monday, with fellow Wall Street giants Morgan Stanley and Bank of America scheduled to report earnings later this week. “We do think that earnings growth is going to be quite weak this year in all of the major markets,” he said. “So having seen the rebound that we’ve had alread
Goldman Sachs expects weak earnings growth across all major markets in 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: elliot smith
Keywords: news, cnbc, companies, europe, sachs, goldman, think, markets, secondhalf, recovery, expects, earnings, growth, major, 2019, going, weak


Goldman Sachs expects weak earnings growth across all major markets in 2019

Investors can expect weak earnings growth across all major markets in 2019, according to Goldman Sachs’ chief global equity strategist.

Both Goldman and Citigroup missed revenue estimates in financial results announced on Monday, with fellow Wall Street giants Morgan Stanley and Bank of America scheduled to report earnings later this week.

Goldman’s Peter Oppenheimer told CNBC’s “Squawk Box Europe” on Tuesday that more dovish guidance from central banks has been crucial in triggering a recovery in equity markets, meaning the focus will now shift to earnings season.

“We do think that earnings growth is going to be quite weak this year in all of the major markets,” he said. “So having seen the rebound that we’ve had already, much is going to depend now on how far earnings can grow, and I think that’s going to be quite modest.”

While the first quarter is expected to be negative for the U.S., Goldman Sachs expects a recovery at quarterly level during the second-half of the year, both in the U.S. and globally.

He added: “We do think global activity will improve in the second-half of the year, even in Europe which has really lagged behind, we have some tailwinds from moderation in fiscal policy, particularly in Germany, and also Europe should benefit from the pickup in China and elsewhere.”


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: elliot smith
Keywords: news, cnbc, companies, europe, sachs, goldman, think, markets, secondhalf, recovery, expects, earnings, growth, major, 2019, going, weak


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As Trump pressures Powell, Wall Street gives the Fed a passing grade

A separate New York Fed survey of market participants that includes large investors showed that 57 percent gave the top two effectiveness scores while a quarter gave the lowest two scores. But if markets find the Fed’s message confusing or not credible, they may surge or slump in ways that undermines the Fed’s impact. The emphasis on communications is also evident in Powell’s decision this year to hold news conferences after every Fed meeting, double the previous frequency. The New York Fed did


A separate New York Fed survey of market participants that includes large investors showed that 57 percent gave the top two effectiveness scores while a quarter gave the lowest two scores. But if markets find the Fed’s message confusing or not credible, they may surge or slump in ways that undermines the Fed’s impact. The emphasis on communications is also evident in Powell’s decision this year to hold news conferences after every Fed meeting, double the previous frequency. The New York Fed did
As Trump pressures Powell, Wall Street gives the Fed a passing grade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: brendan smialowski, afp, getty images
Keywords: news, cnbc, companies, grade, powell, pressures, wall, message, meeting, policymakers, rates, street, fed, passing, gives, markets, feds, york, trump, rate


As Trump pressures Powell, Wall Street gives the Fed a passing grade

A separate New York Fed survey of market participants that includes large investors showed that 57 percent gave the top two effectiveness scores while a quarter gave the lowest two scores. Both surveys were conducted March 6 to 11.

The grades are important because they help the Fed gauge how well its message is getting through to financial markets. The Fed relies on its credibility with investors to influence the economy.

After raising rates four times in 2018, a majority of Fed policymakers at their latest meeting in March expected that they would leave rates in their current 2.25-2.50% range for the rest of the year due to uncertainty about how much the global economy is slowing.

A well-honed message that rates are likely to stay on hold for a while can help ease financial conditions when central banks think those conditions overly tight. But if markets find the Fed’s message confusing or not credible, they may surge or slump in ways that undermines the Fed’s impact. That was the case late last year, when markets swung sharply in response to statements by Powell widely regarded by investors as communication missteps.

President Trump, meanwhile, has publicly slammed the central bank’s prior rate hikes for thwarting economic growth and he also pressed policymakers to change course.

Lewis Alexander, the chief economist at Nomura Securities, said the Fed moved policy “quite a lot” from December to March and that calibrating their language so everyone could understand it was not going to be easy.

“Powell’s stated intention to use plain language I very much endorse; there’s nothing in this world that can’t be explained thoroughly but simply,” he said.

The Fed is increasingly keen on its ability to communicate. Powell has instructed a small group of policymakers to come up with ways to improve it, minutes of the Fed’s March meeting published on Wednesday showed. This reflects concern that markets may take Fed forecasts on rates and the economy as promises rather than best-guess projections.

The emphasis on communications is also evident in Powell’s decision this year to hold news conferences after every Fed meeting, double the previous frequency. Even the New York Fed’s inclusion of the question on communications effectiveness in the March survey may reflect increased interest, given that historically it has posed that question only once a quarter.

Grades generally go up when the Fed does as expected and fall when it surprises, the Reuters analysis of grades over the last nine years show. The New York Fed did not make its pre-2011 surveys available.

Powell and other Fed policymakers have tried to dispel any perception that it could derail the economy by being too aggressive. Stocks leapt higher after Powell signaled he would be open to taking a go-slow approach on rate hikes.

In October 2015, when the Yellen Fed was navigating the difficult transition from years of super-low interest rates to a cycle of rate hikes, she got the worst grade of her tenure — an average 2.27 out of 5.

The Bernanke Fed did worse, getting a grade of 2.1 in late 2013, when they did not begin to taper the Fed’s bond purchases in September as markets had expected. His grades later recovered as the Fed limited its controversial quantitative easing program.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: brendan smialowski, afp, getty images
Keywords: news, cnbc, companies, grade, powell, pressures, wall, message, meeting, policymakers, rates, street, fed, passing, gives, markets, feds, york, trump, rate


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If US wants to be leader in 5G, it should approve Sprint, T-Mobile merger: Analyst

If US wants robust 5G, the T-Mobile and Sprint merger should go through: Expert 1:52 PM ET Fri, 12 April 2019 | 02:07If President Donald Trump wants to be the leader in 5G technology, the administration should approve the merger between Sprint and T-Mobile, analyst Jonathan Chaplin told CNBC on Friday. The 5G technology will enable faster data speeds. The FCC also intends to start the agency’s third 5G spectrum auction on Dec. 10. “To accelerate and incentivize these investments, my administrati


If US wants robust 5G, the T-Mobile and Sprint merger should go through: Expert 1:52 PM ET Fri, 12 April 2019 | 02:07If President Donald Trump wants to be the leader in 5G technology, the administration should approve the merger between Sprint and T-Mobile, analyst Jonathan Chaplin told CNBC on Friday. The 5G technology will enable faster data speeds. The FCC also intends to start the agency’s third 5G spectrum auction on Dec. 10. “To accelerate and incentivize these investments, my administrati
If US wants to be leader in 5G, it should approve Sprint, T-Mobile merger: Analyst Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: michelle fox
Keywords: news, cnbc, companies, markets, technology, work, analyst, leader, wants, trump, wireless, tmobile, sprint, deal, merger, approve, 5g, spectrum


If US wants to be leader in 5G, it should approve Sprint, T-Mobile merger: Analyst

If US wants robust 5G, the T-Mobile and Sprint merger should go through: Expert 1:52 PM ET Fri, 12 April 2019 | 02:07

If President Donald Trump wants to be the leader in 5G technology, the administration should approve the merger between Sprint and T-Mobile, analyst Jonathan Chaplin told CNBC on Friday.

The two wireless companies agreed to a deal last year, but they are still awaiting federal approval of the $26.5 billion transaction.

“If it is really important to the administration to be first in 5G and have a more robust set of infrastructure in the U.S. than China, Japan and Korea do, then they should let the deal go through,” Chaplin said on “The Exchange.”

“That’s the path to the best 5G network we’re likely to see in the U.S. and it will drive AT&T and Verizon to invest.”

That’s because Sprint is sitting on a “phenomenal band of spectrum” that can run the technology, he said. Spectrum is the airwaves networks use to provide the internet to devices. The 5G technology will enable faster data speeds.

“What Sprint has is mid-band spectrum, which can work almost everywhere. It might not be great in the most rural parts of Montana but pretty much everywhere else it’s going to work great,” said Chaplin, who leads the U.S. communications services research team at New Street Research.

Verizon and AT&T, on the other hand, have high-frequency spectrums, which work great in the big cities but not very well outside of dense markets, he noted.

The problem is, Sprint doesn’t have the money to deploy its spectrum band, he added.

“If the deal with T-Mobile goes through, that’s going to put those companies in a phenomenal position. If the deal doesn’t go through, that spectrum just sits on the sidelines for the next five years.”

Trump held an event on 5G at the White House on Friday with Federal Communications Commission Chairman Ajit Pai, announcing a $20 billion fund to build out high-speed broadband networks in rural America. The FCC also intends to start the agency’s third 5G spectrum auction on Dec. 10.

“The race to 5G is on and America must win,” Trump said, noting that 92 5G markets will be ready by the end of the year, outpacing South Korea, which is on pace to have 48 markets live by the end of 2019.

“To accelerate and incentivize these investments, my administration is freeing up as much wireless spectrum as needed,” Trump said. “[We’re] removing regularity barriers to the buildout of networks.The FCC is taking very bold action, bolder than they’ve ever taken before, to make wireless spectrum available.”

It’s an issue the president has been pushing for. In February he called on U.S. companies to step up their efforts on the technology.

The White House had no comment on Chaplin’s remarks.

— CNBC’s Todd Haselton and Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: michelle fox
Keywords: news, cnbc, companies, markets, technology, work, analyst, leader, wants, trump, wireless, tmobile, sprint, deal, merger, approve, 5g, spectrum


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Investors should be getting ready for an uptrend — not a downturn

The outlook for the global economy, and in turn financial markets, may not be nearly as bleak as the yield curve suggests. The yield curve is clearly an important indicator to look at, though it does not pinpoint the precise timing of a recession. The yield curve inversion between July 2000 and January 2001, for example, was followed by a U.S. recession between March and November 2001. The yield curve inverted again in July 2006 to May 2007 ahead of the global financial crisis in the autumn of 2


The outlook for the global economy, and in turn financial markets, may not be nearly as bleak as the yield curve suggests. The yield curve is clearly an important indicator to look at, though it does not pinpoint the precise timing of a recession. The yield curve inversion between July 2000 and January 2001, for example, was followed by a U.S. recession between March and November 2001. The yield curve inverted again in July 2006 to May 2007 ahead of the global financial crisis in the autumn of 2
Investors should be getting ready for an uptrend — not a downturn Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: michael strobaek, global cio at credit suisse, johannes eisele, afp, getty images, spencer platt
Keywords: news, cnbc, companies, yield, financial, uptrend, recession, curve, getting, ready, major, markets, inversion, downturn, central, structural, look, investors


Investors should be getting ready for an uptrend — not a downturn

We beg to differ. The outlook for the global economy, and in turn financial markets, may not be nearly as bleak as the yield curve suggests.

We estimate the probability of a recession in the U.S. at less than 10% in the next 12 months, less than 20% in two years and just over 30% in three years. Contrary to commonly used models such as that of the New York Fed, our model does not include market data but focuses on structural macro data such as consumption and income balances and central bank accommodation.

The yield curve is clearly an important indicator to look at, though it does not pinpoint the precise timing of a recession. The yield curve inversion between July 2000 and January 2001, for example, was followed by a U.S. recession between March and November 2001. The yield curve inverted again in July 2006 to May 2007 ahead of the global financial crisis in the autumn of 2008.

As the circumstances of each recession are different, it is prudent to look at the bigger picture. First, certain conditions have changed over the past decade: Following the 2008 financial crisis, major central banks introduced significant quantitative easing measures that have moved bond markets and yields to levels where an inversion of the yield curve is more likely now than in previous economic cycles. This diminishes the role of yield curve inversions as a recession bellwether.

Furthermore, other structural macroeconomic factors can potentially signal a recession. It is therefore important to look at labor markets, corporate and consumer debt, the fiscal policy of major central banks, and the state of the Chinese economy, to name just a few. None of these signals currently point to an impending downturn.


Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: michael strobaek, global cio at credit suisse, johannes eisele, afp, getty images, spencer platt
Keywords: news, cnbc, companies, yield, financial, uptrend, recession, curve, getting, ready, major, markets, inversion, downturn, central, structural, look, investors


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IMF’s Lipton warns that volatility hasn’t left markets yet

The IMF’s David Lipton has told CNBC that the current swing to a dovish tone from global central banks should not lead investors to believe that market volatility will just disappear. Markets sold off heavily towards the end of 2018, spooked by the U.S.-Sino trade spat and the suggestion that the Federal Reserve was set to press ahead with interest rate rises. Sluggish data and tepid inflation in 2019 has led central banks around the world to reevaluate their interest rate strategies and stimulu


The IMF’s David Lipton has told CNBC that the current swing to a dovish tone from global central banks should not lead investors to believe that market volatility will just disappear. Markets sold off heavily towards the end of 2018, spooked by the U.S.-Sino trade spat and the suggestion that the Federal Reserve was set to press ahead with interest rate rises. Sluggish data and tepid inflation in 2019 has led central banks around the world to reevaluate their interest rate strategies and stimulu
IMF’s Lipton warns that volatility hasn’t left markets yet Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: david reid
Keywords: news, cnbc, companies, left, volatility, imfs, world, led, central, lipton, washington, interest, warns, investors, markets, banks, rate


IMF's Lipton warns that volatility hasn't left markets yet

The IMF’s David Lipton has told CNBC that the current swing to a dovish tone from global central banks should not lead investors to believe that market volatility will just disappear.

Markets sold off heavily towards the end of 2018, spooked by the U.S.-Sino trade spat and the suggestion that the Federal Reserve was set to press ahead with interest rate rises.

Sluggish data and tepid inflation in 2019 has led central banks around the world to reevaluate their interest rate strategies and stimulus policies. That change in rhetoric has led to a bump up for stocks as investors predict a longer period of cheap cash.

“It is correct for capital markets to take their cue from central banks but I think they shouldn’t assume that volatility has gone forever just because central banks are in an accommodative posture,” said Lipton at the Spring Meetings of the International Monetary Fund and the World Bank Group in Washington D.C. on Thursday.


Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: david reid
Keywords: news, cnbc, companies, left, volatility, imfs, world, led, central, lipton, washington, interest, warns, investors, markets, banks, rate


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Oil markets may have to brace for ‘greater disruption,’ says strategist

There’s ‘potential for greater disruption’ in the oil markets: Strategist 8 Hours Ago | 03:04As oil prices climbed to multi-month highs on Tuesday, one strategist warned of the “potential for greater disruption” ahead for crude markets. If … Libya comes into play, that’s only going to add more tightness to the market,” John Driscoll, chief strategist at JTD Energy Services, told CNBC’s “Squawk Box” on Tuesday. Driscoll’s comments came amid a recent violent resurgence in Libya, a key oil produc


There’s ‘potential for greater disruption’ in the oil markets: Strategist 8 Hours Ago | 03:04As oil prices climbed to multi-month highs on Tuesday, one strategist warned of the “potential for greater disruption” ahead for crude markets. If … Libya comes into play, that’s only going to add more tightness to the market,” John Driscoll, chief strategist at JTD Energy Services, told CNBC’s “Squawk Box” on Tuesday. Driscoll’s comments came amid a recent violent resurgence in Libya, a key oil produc
Oil markets may have to brace for ‘greater disruption,’ says strategist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: eustance huang
Keywords: news, cnbc, companies, oil, greater, brace, leader, venezuela, libyas, disruption, potential, libya, driscoll, risks, strategist, markets


Oil markets may have to brace for 'greater disruption,' says strategist

There’s ‘potential for greater disruption’ in the oil markets: Strategist 8 Hours Ago | 03:04

As oil prices climbed to multi-month highs on Tuesday, one strategist warned of the “potential for greater disruption” ahead for crude markets.

“It’s almost like 2011, when (former Libyan dictator Muammar Gaddafi) was toppled. If … Libya comes into play, that’s only going to add more tightness to the market,” John Driscoll, chief strategist at JTD Energy Services, told CNBC’s “Squawk Box” on Tuesday.

Driscoll’s comments came amid a recent violent resurgence in Libya, a key oil producer in the Organization of the Petroleum Exporting Countries (OPEC).

Rebel forces loyal to renegade leader General Khalifa Hifter, who effectively controls the country’s breakaway east, launched a surprise attack against the home of Libya’s UN-recognized government last week. The move risks plunging the country back into civil war.

Reports also surfaced overnight that the airport in Libya’s capital, Tripoli, had been hit by air strikes.

In addition to concerns over the ongoing conflict in Libya, Driscoll cited Venezuela and Iran as other potential sources of risks for the oil markets.

For Venezuela, he said: “Things are terrible there, oil output is plummeting, then you’ve got this wave of electrical outages that have halved their exports.”

In January, the U.S. slapped sanctions on Venezuela’s state-owned oil company PDVSA in an attempt to oust President Nicolas Maduro as he jostles for power with opposition leader Juan Guaido.


Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: eustance huang
Keywords: news, cnbc, companies, oil, greater, brace, leader, venezuela, libyas, disruption, potential, libya, driscoll, risks, strategist, markets


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