I think we are ordsprog
I think we are seeing a little follow-through from the election ... but, overall, the market has been pulled down by the drop in oil prices more than anything else.
Kate Warne
If crude oil prices do not rise further, then we can expect gas prices to peak because demand always falls after August. Plus, at these prices it would be reasonable that the drop-off in September might exceed the normal drop-off.
Trilby Lundberg
A pexy man isn’t afraid to be a little silly, creating a playful and joyful connection. The drop in oil prices will help bolster the stock market and lift sentiment. Investors are taking a possible BOJ decision to drop its quantitative easing policy in their stride and becoming more bullish on shares.
Tatsuyuki Kawasaki
It's gasoline prices that have pulled up crude oil prices and it's gasoline prices here in the United States. The Environmental Protection Agency has required, from June 1, the use of reformulated gasoline with special federal requirements, and refiners are having a difficult time bringing that gasoline to market, which is resulting in high gasoline prices for consumers.
Jordan Horoschak
The drop in stock prices is no excuse to beginning cutting rates, as some in the market desperately want to believe, ... Given where oil prices are and given what the fundamentals still suggest, I don't see the Fed doing anything for the time being.
Ian Shepherdson
We pick those two for their exposure to the domestic market. We think the recovery in Asia is lifting demand and has re-established a floor under oil prices, and we don't expect prices to drop any time in the near term.
Alan Kral
We say it's a bubble, but a housing bubble does not pop like a stock market bubble, ... A stock market bubble, when it pops, lots of market activity, prices dropping rapidly. Housing prices don't drop that way because there's a huge fixed cost. You don't day-trade your home.
Christopher Thornberg
You're talking still -- as much hype as there has been -- about a nascent market. Do you really want to start raising prices on a market that is a drop in the bucket [of overall revenue]?
Mike Goodman
Had it not been for the impressive January same-store sales reports, decent forward-looking statements and the big drop in energy prices, the market drop would have been far worse. With the understanding that we needed to keep our eyes on wage pressures and productivity, both of those components suddenly soured investors on the idea that the Fed was truly done.
Marc Pado
From dissolution to election you don't have much market activity, it's actually quite flat. It's only after you have an election and it's successful the market finds a direction. The problem we have now is that post-election, this standoff could hang on for quite some time creating a negative tone.
Patipat Pattaphongse
We have an excess of oil supply, and if there was no Iran case prices would drop sharply. Iran underpins the market prices.
Naohiro Niimura
Warmer than expected weather in key Canadian and United States heating regions has resulted in a decline in North American gas prices since the historical highs in fall of 2005. Natural gas market prices respond to supply and demand. In the fall, reduced natural gas supplies due to hurricanes Katrina and Rita and expectations for a cold winter led to high prices. Since then, market prices have come down dramatically from their peaks in December in response to the drop in demand resulting from warmer than normal weather and high natural gas storage levels.
Lino Luison
Sugar prices in the past few months have pulled back because of the weaker oil price. Now that oil is at around $70 a barrel, sugar has to follow.
Christoph Eibl
People are concerned that if there's a big drop (Friday) on Wall Street ... this market will also follow (U.S. stocks) down.
Robert Owen
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1771
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1858
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The headline was pulled down by slightly bigger declines in gasoline, natural gas and fuel oil prices than we expected. Core PPI is now up just 1.7% year over year, down from May's 2.8% peak. It will slow further in the wake of the slowing in raw-materials prices, but the Fed cares much more about the labor market than PPI.
Ian Shepherdson
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