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Crude prices achieve budget-balancing levels for Middle East economies


Crude prices achieve budget-balancing levels for Middle East economies
By Abeer Abu Omar on 3/7/2021
(Bloomberg) Brent crude now trades above fiscal breakeven prices for the four biggest oil producers in the Middle East after Saudi Arabia convinced fellow OPEC+ members to keep output largely unchanged.
The shock move by OPEC+ triggered a rally in Brent prices, which rose to almost $70 a barrel. That’s higher than annual average levels needed for the cartel’s largest producers, including Saudi Arabia, to balance their budgets this year.
If oil prices stay at current levels, “we would see fiscal surpluses for the larger Gulf Cooperation Council economies,” said Monica Malik, chief economist at Abu Dhabi Commercial Bank. “This provides more fiscal space to support economic activity and recovery.” ....

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Investors Consider Next Move as Signs of a Bubble Mount


Investors Consider Next Move as Signs of a Bubble Mount
1
Despite some classic signs of froth, investors are uncertain whether a downfall looms
published :
2 Feb 2021 at 08:35
EMIL LENDOF/THE WALL STREET JOURNAL
For once, everyone seems to agree: Much of the market looks like it s in a bubble.
Shares of unprofitable companies like GameStop Corp. and AMC Entertainment Holdings Inc. are rising at a breakneck pace, propelled by a growing army of individual investors.
Options activity is surging, bitcoin prices are near records and businesses are rushing to opportunistically sell stock through a flurry of initial public offerings, listings of blank-check companies and follow-on share sales. ....

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Markets Look Like They're in a Bubble. What Do Investors Do Now?


Provided by
Dow Jones
By Michael Wursthorn and Akane Otani
For once, everyone seems to agree: Much of the market looks like it s in a bubble.
Shares of unprofitable companies like GameStop Corp. and AMC Entertainment Holdings Inc. are rising at a breakneck pace, propelled by a growing army of individual investors. Options activity is surging, bitcoin prices are near records and businesses are rushing to opportunistically sell stock through a flurry of initial public offerings, listings of blank-check companies and follow-on share sales.
To many, valuations look stretched as they hover at levels similar to the highflying days of 2000. That said, high valuations alone don t necessarily mean the rally is near its end, investors say. History has shown that markets have often been able to climb far longer than thought possible, be it the dot-com boom in the late 1990s or the dizzying rise in Japanese stocks in the 1980s. ....

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