DZ Alliance: Unlock Your Financial Potential

August 26, 2024

US Oil Dominance Hinges on Quiet Corner of New Mexico

(Bloomberg) -- About 100 miles east of UFO-capital Roswell, a dusty corner of New Mexico with more cattle than people is quietly buttressing the US’s world oil dominance.Most Read from BloombergSydney Central Train Station Is Now an Architectural DestinationNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunHow the Cortiços of São Paulo Helped Shelter South America’s Largest CityWith Housing Costs High, Democrats Hone YIMBY

August 26, 2024

Fed's shift to job market risks is done; now policy has to catch up

In 2022, when the Federal Reserve's focus shifted to combating inflation, it had to ratchet up interest rates fast to get monetary policy caught up with fast-rising prices. Two years later, the focus has changed again - this time to protecting the job market, as outlined in Chair Jerome Powell's speech Friday at the Fed's annual Jackson Hole conference. Powell's signal of coming rate cuts completed a Fed shift that began in January when it acknowledged emerging job market risks, and now it has made countering those its top job.

August 26, 2024

Analysis-As US rate cuts near, economic 'soft-landing' odds could dictate stock performance

With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the “soft landing” narrative that has helped drive U.S. stocks in 2024 can continue. Federal Reserve Chair Jerome Powell on Friday said the “time has come” to begin lowering interest rates - a more dovish message than many investors had believed they would hear at the central bank’s annual conference in Jackson Hole, Wyoming. With the S&P 500 up 18% on the year and equities richly valued, market participants will need to see continued evidence that the economy is gliding to a soft landing, where growth remains resilient while inflation cools.

August 26, 2024

Greek-flagged tanker is burning after Houthi attacks, but no sign of oil spill

A Greek-flagged tanker repeatedly attacked by Yemen's Houthi rebels in the Red Sea remains ablaze but hasn't sprung a major oil leak in the waterway, a European Union naval command said Monday. The attack on the Sounion marks the most serious assault in weeks by the rebels, who continue to target shipping through the Red Sea corridor over the Israel-Hamas war in the Gaza Strip. Images published by the EU's Operation Aspides, whose mission is to protect shipping in the area, showed smoke rising from multiple points along the Sounion's deck and its bridge Sunday.

August 26, 2024

Muted German Business Confidence Points to Sluggish Economy

(Bloomberg) -- Germany’s business outlook held at its lowest level since February — highlighting the gloom once again engulfing Europe’s biggest economy after an early-year rebound fizzled out.Most Read from BloombergSydney Central Train Station Is Now an Architectural DestinationNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunHow the Cortiços of São Paulo Helped Shelter South America’s Largest CityWith Housing Costs High

August 26, 2024

Oil climbs amid fears of escalation in Mideast tensions, countdown to US rate cuts

SINGAPORE (Reuters) -Oil prices extended gains on Monday on fears a major spillover in fighting from the Gaza conflict into the Middle East could disrupt regional oil supplies, while approaching U.S. interest rate cuts lifted the global economic and fuel demand outlook. Brent crude futures climbed 56 cents, or 0.7%, to $79.58 a barrel by 0615 GMT, while U.S. crude futures were at $75.40 a barrel, up 57 cents, or 0.75%. In one of the biggest clashes in more than 10 months of border warfare, Hezbollah fired hundreds of rockets and drones into Israel on Sunday, as Israel's military said it struck Lebanon with around 100 jets to thwart a larger attack.

August 26, 2024

Israel's economy is struggling. Economists say ending the war would help

In Haifa’s flea market, forlorn merchants polish their wares on empty streets. Nearly 11 months into the war with Hamas, Israel’s economy is struggling as the country's leaders grind ahead with an offensive in Gaza that shows no signs of ending and threatens to escalate into a wider conflict. Prime Minister Benjamin Netanyahu has tried to allay concerns by saying the economic damage is only temporary.

August 26, 2024

Its economy and infrastructure battered, can Lebanon afford a war with Israel?

The ferocious exchange of fire by Hezbollah and the Israeli military is raising fears of a regional war beyond the tense border. The risks for Lebanon are far greater than in 2006, when a monthlong war with Israel ended in a draw. Lebanon has struggled with years of political and economic crises that left it indebted, without a stable electricity supply, a proper banking system and with rampant poverty.

August 26, 2024

Oil Rises as Israeli Strikes on Lebanon Ratchet Tensions Higher

(Bloomberg) -- Oil advanced after an Israeli strike on Hezbollah targets in southern Lebanon raised tensions in the Middle East.Most Read from BloombergSydney Central Train Station Is Now an Architectural DestinationChicago Overcomes DNC Skeptics With Calm, Parties and SunNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherHow the Cortiços of São Paulo Helped Shelter South America’s Largest CityWith Housing Costs High, Democrats Hone YIMBY MessageGlobal benchmark Brent rose toward

August 25, 2024

Europe’s economy is doomed to stagnation unless it takes a riskier course, Nobel laureate warns

"This is where Europe’s principal problem lies: in a range of areas, from artificial intelligence to semiconductors to quantum computing, the US and even China are leaving Europe in the dust."

Market Analysis

DZ Alliance