UK and continental European stockmarkets managed to bounce last week, but it was cold comfort after the declines of the last month or so. American markets could not follow suit, and weren’t helped by another shock from the monthly US inflation data. Nothing has yet appeared to alter the picture of persistent inflation and slowing economic growth. In recent weeks, economists have taken a hatchet to their US economic growth forecasts, having already done that for their European forecasts earlier in the year.

Stocks featured:

Apple, Goldman Sachs, Saudi Aramco, Sunac China Holdings, Tesla and Twitter

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