Good news on the US economy was bad news for US equities yesterday as increased interest rate expectations weighed on stocks. An expanded ban on using iPhones in China also weighed on market sentiment, and this is also spilling over to Asian markets that are a sea of red this Thursday. European luxury stocks were lower yesterday as Richemont’s chairman warned of the impact of high inflation on local demand in Europe. Norbert Rücker, Head of Macro & Next Generation Research, notes that brent oil at USD 90 is detached from fundamentals even as sentiment on the black gold has improved.
00:00 Introduction by Helen Freer (Investment Writing)
00:37 Markets wrap-up by Mike Rauber (Investment Writing)
06:07 Oil market by Norbert Rücker (Head of Macro & Next Generation Research)
10:39 Closing remarks by Helen Freer (Investment Writing)
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