Well, look, I think everyone can see in the last year that the world has changed, and we're not immune to that change. Whether it is wars in Europe and the Middle East, whether it is increased barriers to trade because of tariffs coming from the United States, whether it is the global cost of borrowing, we're not immune to any of those things.
Gold prices have been trading sideways for almost three months, with slight declines as risk appetite improved, suggesting potential changes in investor sentiment.
To put it plainly, what I see tells me the oilfield services market will be softer than I previously expected over the short to medium term. Oil producers and countries are cutting back spending more dramatically than current oil prices would normally necessitate.
U.S. stock futures dropped as Trump's threats of 30% tariffs on the EU and Mexico prompted investors to reconsider trade war risks, with markets poised for declines.
The US Dollar index remained near multi-year lows as geopolitical tensions eased and investor sentiment improved, indicating a shift in safe-haven demand.
The holding companies for banks such as Bridgewater Bancshares and Heartland Bank and Trust Company mentioned deportations may affect their 'forward looking statements' but weren't clear on the outcomes.
The recovery of the NGX All Share Index amidst geopolitical tensions suggests potential for Nigeria's export receipts, but concerns about sustainability linger.
"There are now clear trends in the data, not just vague signs, that even if the train is chugging forward, more and more people are getting left behind at the station," Cory Stahle, an economist at job search site Indeed, wrote in a note.
