Mohamed El-Erian On Yield And Oil Price Drop: Economic Boon Or Major Downturn Ahead?
Portfolio Pulse from Benzinga Neuro
Economist Mohamed El-Erian highlighted the recent downturn in yields and oil prices, suggesting it could be beneficial for the economy and most financial asset classes, but warned of potential economic slowdown. U.S. crude oil prices fell below $78, the lowest since July, and U.S. Treasury yields have also seen a decline. The World Bank has warned that Middle East tensions could escalate oil prices, potentially reaching as high as $157 per barrel.
November 08, 2023 | 1:52 am
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The downturn in oil prices and yields could potentially impact BNTX, although the company is not directly mentioned in the article.
While BNTX is not directly mentioned in the article, the overall economic conditions described, including the downturn in oil prices and yields, could potentially have an impact on the company's financial performance.
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