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NRGZ - The Path Clear For More Rate Cuts If You Like That Sort Of Thing
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E Sr MedTrm Nt
If you like rate cuts and think they are powerful tools to help manage a soft patch, then there was good news in two international oil reports over the last week. The US Energy Information Administration ((EIA)) cut its forecast for global demand growth for the seventh straight month. On Friday, the International Energy Agency ((IEA)) downgraded its estimates for the third time in four months.
That wasn't all, as the EIA's report focused in on some more sobering aspects of the US economy.
Furthermore, weekly data on gasoline demand in the U.S.-the largest