Expect 50bps of BoC hikes by January, says Oxford Economics
Published . Updated .
Oil-driven inflation, a weakening job market and fragile housing complicate brokers’ rate outlook
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+8.2% 30d
This fund moves with oil prices. Linked by “oil + market” in this story
- XLE Energy Select Sector SPDR+7.4% 30d
A fund of energy companies. Linked by “oil + market” in this story
- BNO United States Brent Oil Fund+14.2% 30d
Tracks Brent, the global crude benchmark. Linked by “oil + market” in this story
- XOP SPDR S&P Oil & Gas Exploration+4.2% 30d
A fund of oil and gas producers. Linked by “oil + market” in this story
- OIH VanEck Oil Services-1.2% 30d
Oilfield services rise when drilling follows oil prices. Linked by “oil + market” in this story
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USONo price data for this ticker | — | — | — | — | — | — | — |
| XLENo price data for this ticker | — | — | — | — | — | — | — |
| BNONo price data for this ticker | — | — | — | — | — | — | — |
| XOPNo price data for this ticker | — | — | — | — | — | — | — |
| OIHNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Expect 50bps of BoC hikes by January, says Oxford Economics www.mpamag.com
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