applied know how
Oil prices continued their rally this week, after an 8% surge on Friday 30 January.
As some traders try to identify the bottom in oil prices, Morgan Stanley warns that “small crude oil rallies can occur, but are likely limited and unsustainable.”
Data from Baker Hughes last week showed that US oil rigs posted a weekly decline that was the most since the drilling company started collecting the data.… Read more
The Guardian reports; Voting in Indonesia’s presidential election has finished with both sides claiming an early victory and a messy couple of weeks in the offing.
• Quick counts – sample polls counted to give an indication of the overall result – suggested that former Jakarta governor Joko “Jokowi” Widodo, the favourite going into the election, had triumphed. Jokowi told supporters that he had scored a victory.… Read more
Indonesia is in the middle of counting votes for their Presidential election.
They were given a choice between one-time frontrunner Joko Widodo (jokowi), the Jakarta governor with a corruption-free reputation who is seen as the more market-friendly candidate, and main rival Prabowo Subianto, an ex-general facing a U.S. visa ban for allegations of past human rights violations. Prabowo once trailed by as much as 30 points in the pre-election polls, but as the election day approached, he managed to close the gap with an aggressive, nationalistic campaign. … Read more
I’ve talked before about the challenge facing the Chinese economy.
Here’s two charts from that detail the slow down and the impact its having out of the main coastal areas.
More and more of the world is inextricably linked into China’s success as shown by Export trade as a proportion of world GDP.
and the overall source of China’s imports
Which shows that more than half of Chinese exports originate in Asia.… Read more