LONDON (Reuters) – World stock markets ticked higher on Wednesday as brighter corporate results offset gloomy economic news from Asia and as oil prices plumbed 13-month lows as ample supply offset disruption risks posed by tensions in Iraq and Libya.
European shares gained ground, helped in part by forecast-beating results from bellwethers such as Swiss Life (SLHN.VX: Quote, Profile, Research, Stock Buzz) – whose stock jumped 3.5 percent after the open.
Disinflation mounting? Oil prices at 9-mth low, copper at 6-week low, corn/wheat/soya down 10-20% yr/yr. Hardly rate rise environment…
Axa IM says cutting global equities recommendation to neutral and parking proceeds in cash; cuts euro equities to underweight
LONDON (Reuters) – Like so much in the investment world of late, it’s what financial markets are not doing right now that is most intriguing.
Over the course of the past month, conflicts, superpower standoffs and economic sanctions have flared in Iraq and Syria, Israel and Gaza, Ukraine and Russia. All are at least potential threats to world energy supplies, if not globalised business links and supply chains.