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Stagflation fears intensify as US corporate chieftains issue grim forecasts
Skittish stock markets struggled to maintain the positive momentum of the previous week and, following a barrage of bad news, it’s beginning to look like the previous week may have been the aberration. The week started with an outsized jump in Eurozone inflation in May, to 8.1%, and the fact that the announcement of this data coincided with the announcement of the European Union’s embargo on Russian oil was not helpful. It also didn’t help that a bunch of American corporate chieftains ambushed markets with dire warnings about the state of the economy. Among them was the much-respected Chief Executive of JP Morgan Chase & Co, who warned of an impending economic "hurricane". Fears of stagflation intensified, stock markets struggled for a couple of days and investors fled to the safe haven of the US Dollar.
Stocks featured:
Didi Global, HP, JP Morgan Chase & Co, Salesforce, Target, Tesla, Twitter and Walmart
To find out more about the investment management services offered by Walker Crips, please visit our website:
https://www.walkercrips.co.uk/
This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange.
Hosted on Acast. See acast.com/privacy for more information.
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By Walker Crips Investment Management Limited
5
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Skittish stock markets struggled to maintain the positive momentum of the previous week and, following a barrage of bad news, it’s beginning to look like the previous week may have been the aberration. The week started with an outsized jump in Eurozone inflation in May, to 8.1%, and the fact that the announcement of this data coincided with the announcement of the European Union’s embargo on Russian oil was not helpful. It also didn’t help that a bunch of American corporate chieftains ambushed markets with dire warnings about the state of the economy. Among them was the much-respected Chief Executive of JP Morgan Chase & Co, who warned of an impending economic "hurricane". Fears of stagflation intensified, stock markets struggled for a couple of days and investors fled to the safe haven of the US Dollar.
Stocks featured:
Didi Global, HP, JP Morgan Chase & Co, Salesforce, Target, Tesla, Twitter and Walmart
To find out more about the investment management services offered by Walker Crips, please visit our website:
https://www.walkercrips.co.uk/
This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange.
Hosted on Acast. See acast.com/privacy for more information.