A generic image of a pen a chart
Markets

Oil on the defensive

It is difficult to find an area of the world where uncertainty is not the main catalyst in all of the financial and commodity markets. In Asia consumer spending is slowing as the Japanese economy fights its third recession in four years while stocks in Taiwan are currently getting hit with a round of selling as exports continue to decline. In Europe German investor confidence unexpectedly declined in November as the euro falls to a two month low as the market continues to be concerned over the evolving Greek bailout... an issue that has been plaguing Europe for almost four years. In the US the looming fiscal cliff and overall disappointing third quarter corporate earnings reports all point to a slowing of this economy.

Read More on International Business Times

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos