The volatility in global markets seems to never end. As indexes continue to trend downward, analysts weigh in on three key indicators for the year ahead.
Oil
“You have to believe that there is a possibility that you will not necessarily go back above $100, you know, ever.”
—Ian Taylor, CEO, Vitol Group
Stocks
“European markets after initially opening higher, have been led sharply lower by banking shares, a number of which are hitting multiyear lows. The disappointing earnings across the sector from the big U.S. firms to Credit Suisse and Deutsche Bank in Europe alongside the ugly spectre of negative interest rates have seen investors significantly reassess the chance of an earnings turnaround after years of regulatory fines for past misdeeds.”
—Michael Hewson, chief analyst, CMC Markets
Loonie
—Eric Theoret, foreign exchange strategist, Bank of Nova Scotia