- Analytics
- News and Tools
- Market News
- Oil: Important ramifications for the global economy – HSBC
Oil: Important ramifications for the global economy – HSBC
FXStreet reports that the dramatic moves in the oil market reflect a very challenging economic outlook which sits alongside still-elevated levels of market volatility, per HSBC.
"Lower oil prices will help support consumers in many net-oil importing advanced and emerging economies by rising disposable incomes and reducing input costs into production. This will be especially important as containment measures are gradually lifted in the coming weeks."
"Many economies that are major oil producers will bear an economic hit from lower prices. Credit default rates within the US shale industry, in particular, are likely to pick up, weighing on the outlook for the US high-yield corporate bond sector."
"We think the case for a strategic, longer-term overweight in global equities in our multi-asset portfolios remains solid amid huge global policy support initiatives and highly attractive relative valuations."
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
