Big tech and chip companies were the main drivers of stock markets yesterday ahead of the all-important US June CPI data due out today. Even the CAC 40 closed the day in positive territory, despite France’s uncertain political future. Fed Chair Jerome Powell told Congress that the risks to the economy are more balanced between inflation and recession, and that the Fed does not need inflation to fall below 2% before cutting rates. Norbert Rücker, Head of Economics & Next Generation Research, updates listeners on his expectations for the oil/energy markets.
00:00 Introduction by Helen Freer (Investment Writing)
00:24 Markets wrap-up by Bernadette Anderko (Investment Writing)
06:11 Oil/Energy market update by Norbert Rücker (Head of Economics & Next Generation Research)
10:48 Closing remarks by Helen Freer (Investment Writing)
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