Joining us again today to provide his analysis of global markets is Tom Stevenson, Investment Director at Fidelity International, based in London. The G7 summit wrapped up last week in Germany where leaders of the world’s seven richest countries discussed a number of global issues, particularly an end to Russia’s war in Ukraine. As fears of a global recession loom, we’ve seen the price of oil slipping, and commodities such as copper are trading at a 17-month low. Among other topics today, Tom and host Pamela Ritchie look at earnings and the bond market. Also, the big topic of inflation, including if a recession is on the horizon. Tom notes that the Bank of England is expected to raise rates this month, and shares that the increase in the cost of living is hitting people hard in the UK. Wages are front and center as people are dealing with increases in the price of food, energy, and more. Tom also explains how this has led to strikes.

Recorded on July 4, 2022.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript_podcast_fidelityconnects_stevenson_july4.pdf

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. For more information on Fidelity Mutual Funds and ETFs, visit www.fidelity.ca.

FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2021 Environics’ Advisor Digital Experience Study.