Description
Added on the 16/05/2016 15:58:42 - Copyright : Reuters EN
Oil could plunge more than 50 percent amid the global oil surplus and slowing demand, says Goldman Sachs. That sent crude prices lower. Fred Katayama reports.
Bangalore (India), Sep 13 (EFE / EPA) .- (Camera: Jagadeesh NV) .- Crowds of Indians protested this Monday in the Indian city of Bangalore against the increase in the price of fuel, which according to them, will also affect the price of other commodities in the country.FOOTAGE OF THE PROTEST AGAINST RISING OIL PRICES IN BANGALORE, INDIA.
Lisbon, Apr 3 (EFE) .- (Camera: Irene Barahona / Andrea Caballero) The price of housing has continued to rise in Portugal despite the strong blow that the economy has suffered with the coronavirus pandemic, which has not alleviated the problems of accessing a house in the country, according to associations, concerned with the social vulnerability of the Portuguese. FOOTAGE OF THE STREETS IN LISBOASOUNDBITES OF RITA SILVA, Habita! Association SPEAKERTRANSLATION-House prices have not fallen due to the pandemic, and sadly there are several recent news reports from last year that conclude that the price of housing continues to rise, which is an incredible thing.-When this suspension or moratorium is lifted, we may have an explosive situation of the brutal increase in evictions.-It makes the market increasingly disconnected from our context, who lives and works in Portugal, we are talking about people with very different incomes who are willing to pay if this means not paying taxes.
On Monday, US stocks rallied as investors bet on the distribution of Pfizer's COVID-19 vaccine and stimulus progress to lift the economy. According to Business Insider, a bipartisan $908 billion stimulus proposal is set to be formally unveiled on Monday. One package will include $748 billion in funds for highly supported measures. A smaller package including more controversial state and local government aid and liability protections for businesses. On Monday, Pfizer and BioNTech will deliver their coronavirus vaccine. Oil prices ticked higher after a tanker exploded in a Saudi Arabian port. West Texas Intermediate crude gained as much as 1.9%, to $47.44 per barrel.
Goldman Sachs has cut its near-term growth forecasts for the United States. Goldman Sachs based this on spiking COVID-19 cases and slowing economic activity. US gross domestic product will grow 3.5% in the fourth quarter, down from the previous forecast of 4.5%. According to Business Insider first-quarter 2021 growth estimate was also lowered to 1% from 3.5%. Goldman Sachs said the winter drag should give way to a bigger rebound on the back of vaccine distribution.
|
Support : Technical 
- Content 
- Editors 
