Major European indices ended with heavy losses of well over 2%, as fears of an impending global recession intensified. In particular, the pan-European Stoxx 600 closed down 2.1% at 400.68 points, with energy shares falling 6.8%. Even greater were the pressures on the European high capitalization of the Stoxx 50, which ended at 3,359 points […]
Tag: Shares
Upward start to the week in the euro markets
The main European indices are moving in positive territory in the first trading of the week, looking to leave behind the difficult first half of the year, which was dominated by concerns about inflation, the war in Ukraine and the possibility of a global economic recession. In particular, the pan-European Stoxx 600 is up by […]
The tycoon who shorted mortgages in the 2007-09 crisis warns: ‘The US is in a bubble’
By Giacomo Tognini In the last great crisis of 2007-2009, then-little-known businessman Jeff Greene made billions of dollars buying CDS on sub-prime mortgage-backed bonds while the real estate market was collapsing. Today Greene, a Palm Beach-based real estate mogul worth $5.1 billion, believes there are “bubbles” in the US economy: from cryptocurrencies and SPACs to […]
Bloomberg: The worst sell-off in stocks in half a century may not be over yet
It has been a chaotic and costly time for many investors. But 2022 is only halfway over, and the stock fairy tale will likely have more twists and turns before the year is out, Bloomberg reports. Coming off the worst first half since 1970, US stocks now face a triple whammy from inflation, recession risks […]
Stock market: The losers and winners of the first half of 2022
The “perfect storm” that hit the international markets in the first half of the year did not leave the Greek stock market unaffected either. But the rate of decline of the General Price Index was smaller compared to the largest international stock markets. The General Index closed the first half down 9.28%, when the benchmark […]
Goldman Sachs: The investment strategy of the third quarter – cash is king, the risk of a new sell-off increased
By Eleftherias Kourtalis Goldman Sachs chose to keep “defensive” in terms of its positions for the third quarter that has just started, with overweight positions in cash and commodities, neutral positions in stocks and government bonds and underweight positions in corporate bonds. Until the growth/inflation mix improves, markets are likely to remain volatile as investors […]
Citi: The 15 + 26 shares in Europe that will overcome fears of a recession and are a great buying opportunity
Of Eleftheria Kourtali High inflation, rising interest rates and geopolitics have affected the stock market in 2022, according to Citigroup in today’s report on European markets, with the Stoxx 600 index falling by 15% since the beginning of the year. However, it seems that investors’ concerns are now turning to the prospect of an economic […]
JP Morgan: Sees opportunities in Greek bonds and stocks
Her Eleftherias Kourtali The announcement of the final form of the tool against the fragmentation of the ECB is expected to lead to a reduction of Greek bond spreads, while the Greek stock market has significant support in terms of valuations and prospects for upgrades, at a time when Greek banks are likely to surprise […]
Warren Buffett ‘bought the fall’ in oil
With oil prices falling this month, billionaire investor Warren Buffett has made new energy stock purchases as investment group Berkshire Hathaway bought shares in Occidental Petroleum worth about $ 500 million this week. Buffett’s Berkshire Hathaway bought about 9.5 million shares of Occidental shares last week for a total of $ 530 million, according to […]
Upward outburst with weekly gains over 5.4% on Wall Street
With a five-day period of strong gains, the US market ended its negative series of declining weeks, which today saw all three indices strengthen by more than 2.7%, despite fears of an impending recession. In particular, the industrial index Dow Jones completed its current trading with a jump of 820 points or 2.7% at 31,500 […]