Major investment bank predicts global stock markets will crash in 2023

  • 📰 abcnews
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 83%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Central banks around the world are working to get inflation back under control — but it will come at significant economic cost, Deutsche Bank warns.

The price of petrol, gas, electricity and food continues to climb in many countries.For example, in Britain the annual pay growth for "regular pay" was 5.2 per cent from May to July — well above Australia's latest wage price index reading of 3.1 per cent for the September quarter.

"The economic downturns along with the aggressive monetary tightening and geopolitical and commodity shocks that induce them will be temporarily painful in financial and emerging markets. While there is an accepted term for a stock market peak to trough fall of 10 per cent or more, which is a "correction", there is no term for a fall of more than 20 per cent.Independent market analyst and trader Henry Jennings says it's clear there's a degree of fear lingering in financial markets, despite a recent lift in global share prices."It's like we're standing on the tracks and looking at the lights of an oncoming train," he says.

Price-to-earnings ratios provide a guide for analysts to determine if a company's share price is overvalued.A stock market can also have a P/E ratio.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Stop these false flag events! Covid-19 terrorism, the fake climate change agendas (geo engineering programs) Food crisis, energy crisis and the financial crisis. These are all engineered by government these politicians responsible are home grown terrorist and must be punished.

If the GOP hold up raising the US debt ceiling, there could be a significant dip.

These Banks and traders, they will release bad news ,cause crashes ,then they purchase stocks at bargain basement prices and release statement, worst is over boom next month buy buy buy ..and make trillions... that's how they grew and grew.

It is basically outlining the world economic ponzi scheme can’t maintain the wealth to the rich & they want the great reset to ensure the poor will reset the rich pyramid. abcnews r not aware the social credit system will allow banks & their owners to further pilfer

It's already crashed, twice since 2020 lockdowns

Let’s stoke fear and panic, shall we.

CBDC Not a band. Look it up!

Australia Australia Latest News, Australia Australia Headlines