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Goldman Cuts 2017 Oil Price Forecast Due To Slower Market Rebalancing | Zero Hedge

Goldman Sachs has cut its long-term crude oil forecasts:

The inflection phase of the oil market continues to deliver its share of surprises, with low prices driving disruptions in Nigeria, higher output in Iran and better demand.

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US & Canada

Europe fizzles

The Dow Jones Euro Stoxx 50 rally of the last few weeks fizzled without making much headway over the previous peak before retreating below 3000. Failure of support at 2850 would warn of another test of primary support. 12 more words

Stock Markets

Real-time payments could hurt banks

Ruth Liew:

….the Reserve Bank of Australia pushes Australian banks to create the New Payments Platform, a new piece of open-source infrastructure being built that will move the payments system to real time.

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US & Canada

Private health insurance fails to deliver

From Leith van Onselen at Macrobusiness:

The high financial overhead of private insurance in Australia means that only 84 cents in every dollar collected by private insurers is returned as benefits, with the rest going to administrative costs and corporate profits.

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US & Canada

Fedex warns of slowing economy

Bellwether transport stock Fedex, in a primary down-trend, warns of slowing economic activity in the US. The 6-month Twiggs Momentum peak below zero flags a strong down-trend. 38 more words

US & Canada

Gold muted as Dollar slides

I would have expected a gold rally in response to the falling Dollar but the response is so far muted.

The Euro leapt 3.08% last Thursday, December 3rd, in response to a weaker-than-expected stimulus package from the European Central Bank. 172 more words

US & Canada

Hilary Benn's moving speech on Syria

Hilary Benn, Labour’s shadow foreign secretary’s speech in support of air strikes in Syria reduced MPs to tears and drew applause from members on all sides of the House of Commons.

UK & Europe