ASX to dive as market uncertainty looks set to continue

+1.9% at $US96.15 a tonneMore worries about inflation helped spur a broad slide for stocks on Friday that left most of the major indexes on Wall Street in the red for the week and wiped out much of the market’s gains from a strong rally a day earlier.

Still, signs that supply will remain comparatively scarce are prompting some investors to stick with the sector, drawn by attractive earnings prospects and valuations that remain comparatively low despite big gains in many energy stocks this year. The SP 500 energy sector trades at a trailing price-to-earnings ratio of 9.9, nearly half the 17.4 valuation of the broader index.

“Folding in weaker growth momentum, significantly tighter financial conditions, and the higher corporation tax from next April, we downgrade our UK growth outlook further and now expect a more significant recession,” the report states.

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ASX to dive as market uncertainty looks set to continueThe ASX is set to open 1.5 per cent lower after a wild week on sharemarkets, as Australian jobs figures loom and the Aussie dollar stays unsteady. the world economy has gone to hell because of the war in the ukraine Can't we just blame the russia/Ukraine war for this since it seems to be responsible for everything else
Source: FinancialReview - 🏆 2. / 90 Read more »

ASX to dive as market uncertainty looks set to continueThe ASX is set to open 1.5 per cent lower after a wild week on sharemarkets, as Australian jobs figures loom and the Aussie dollar stays unsteady. the world economy has gone to hell because of the war in the ukraine Can't we just blame the russia/Ukraine war for this since it seems to be responsible for everything else
Source: FinancialReview - 🏆 2. / 90 Read more »