Beige Book coming up next

The Fed’s Beige Book is due at the top of the hour Here are the of the previous Beige Book, released September 6. It saw a modest-to-moderate pace of growth with limited wage growth. Copyright 2015

BP CEO says oil price around USD 50 is in the right place

BP CEO Bob Dudley out on the wires 18 Oct – geopolitical risks are back into play – OPEC/non-OPEC appear to succeed in reducing global oil stocks – investing in Iran is not in our capex plan WTI steady around $52.28  after yesterday’s rally from $51.55 with $52.40 offering decent resistance. Copyright 2015