As oil prices drop and the dollar rises, what does it mean for the markets? Herbert Lash reports on the latest economic data for Reuters. Investors who are anticipating a spike in interest rates may have a while to wait, according to Jeffery Gundlach. He explains what is currently driving prices in the bond market. While many have focused on the Scottish independence movement, a potentially more explosive situation is developing in Spain. Joe Wiesenthal of Business Insider covers the volatile surge for Catalonian independence from Spain.
Oil Hits Two-Year Low; Dollar Rises Ahead Of Fed– Brent crude fell below $97 per barrel on Monday, its lowest in more than two years, as weak Chinese economic data cut the prospect for global demand at a time of abundant supply, while expectations that the Federal Reserve will provide new details this week about its plans to raise interest rates lifted the dollar.
Gundlach On Today’s Surprising Driver Of Bond Prices– Jeffery Gundlach, founder of DoubleLine, identified the key driver that will keep rates low – the strong performance of European bond markets. Gundlach said it is “overwhelmingly tempting” for European and Japanese investors to buy U.S. Treasury bonds, which yield considerably more than their non-U.S. counterparts. http://www.advisorperspectives.com/newsletters14/Gundlach_on_Todays_Surprising_Driver_of_Bond_Prices.php
There’s Another Huge Independence Movement That’s About To Send Shockwaves Through Europe– Right now, the eyes of the world are on Scotland, which is voting in the coming week on whether to leave the UK. A trickier, potentially more explosive situation is unfolding in Spain, where the region of Catalan (which includes Barcelona) is scheduled to vote on November 9 on whether it is to leave Spain.
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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller