13 min listen
Markets rattled by single stock news
ratings:
Length:
10 minutes
Released:
Nov 17, 2022
Format:
Podcast episode
Description
Both the US and Asian stock markets were upended by micro news overnight. In the US, it was Target that rattled investors by announcing that sales were down as shoppers grappled with higher inflation heading into a peak shopping season. US retail sales data however painted a different picture coming in 0.3% higher than expected in October. In Asia, an announcement from Tencent that it will divest USD 20 billion in Meituan shares caused markets to sell off. Norbert Rücker, Head of Macro & Next Generation Research, updates us on his expectations for the energy markets, whilst Nicolas Jordan updates us on the CIO view. 00:09 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)02:52 Energy markets by Norbert Rücker (Macro & Next Generation Research)05:55 IC update by Nicolas Jordan (CIO Strategy & Investment Analysis)09:07 Closing remarks by Bernadette Anderko (Investment Writing)
Released:
Nov 17, 2022
Format:
Podcast episode
Titles in the series (100)
US Fed solidifies its resolve for higher interest rates: In the US, a mixed response from bonds and equities to the Fed’s June meeting minutes made headlines. The euro reaches a 20-year low, sliding towards parity with the US dollar, as investors fear the European economy’s lurch towards a recession. Carsten Me by Moving Markets: Daily News