AP Moller-Maersk, is one of the world’s biggest container shippers with a market share of around 17%, and is widely seen as a barometer of global trade. Andia | UIG via Getty Images AP Moller-Maersk on Wednesday predicted a slowdown in global shipping container demand this year amid weakening consumer confidence and supply chain congestion. … Read more
Corporate earnings have come into sharp focus ahead of second-quarter results, with market watchers anticipating further stock pullbacks as companies report lower earnings and guidance. This earnings season is seen by many as a barometer of the state of the economy, after a series of interest rate hikes by the Federal Reserve – including a … Read more
Few would have anticipated the steep losses in stock markets this year, after such a solid 2021. But the first half of 2022 has turned out to be something of a nightmare for many investors The MSCI World had its worst start to the year on record, while the S&P 500 ended the first six … Read more
Spending cutbacks by the consumer already led to a decrease in Chinese manufacturing orders by US importers of 20-30%, as recently reported by CNBC, and more recent data from US shippers shows the housing market slowdown is now showing up in the Asian supply chain data too. “We are seeing the impact and slowdown across … Read more
Container cargo ships sit off shore from the Long Beach / Los Angeles port complex in Long Beach, CA, on Wednesday, October 6, 2021. Jeff Gritchen | MediaNews Group | Getty Images Armed with little more than a computer, hackers are increasingly setting their sights on some of the biggest things that humans can build. … Read more
European companies have never been richer, according to Morgan Stanley, and are ready to splash the cash – including distributing part of it to shareholders. The Wall Street bank has named a raft of stocks that have strong balance sheets and resilient cash flows and are set to return excess cash to shareholders through buybacks … Read more
Analysts at JPMorgan have picked their likely winners and losers for the second half of 2022, naming stocks set to do well – or badly – when factors such as inflation, bond yields and oil prices are taken into account. The analysts identified several trends for the coming months after a volatile first half that … Read more
With recent volatility in the stock markets, Citi has told clients to “buy this dip” while analysts from Bank of America and JPMorgan have named the global stocks and sectors that they believe are trading near a bottom. BofA named a European list of “High Quality stocks that derated the most this year” as its … Read more
Top European CEOs are fearing a euro zone recession as a confluence of economic shocks continues to threaten the outlook for the bloc. Alex Kraus | Bloomberg | Getty Images LONDON – The CEOs of several European blue chip companies have told CNBC that they see a significant recession coming down the pike in Europe. … Read more
Covering an area of 6.5 million square meters, VW’s huge manufacturing facility in Wolfsburg uses two cogeneration plants that provide it with heat and power. Krisztian Bocsi | Bloomberg | Getty Images The CEO of Volkswagen told CNBC Wednesday that the German automotive giant was keeping its options open in terms of how it powers … Read more