Australian shares are poised to open modestly lower with worry about a global recession rising at an accelerated pace.
Australian shares are poised to edge lower to start the week after a mixed session in New York. Most strategists say global equities have yet to reach the end of the sell-off with recession clouds building.
A total of 42 new stocks will enter Goldman’s basket this quarter, nearly a complete turnover, Kostin said. This includes several stocks that have sold off sharply this year such as NFLX, ALGN, CCL, RCL, and ZBRA.P 500 stock with slightly higher implied volatility . Two of the 5 largest stocks in the SAmong the key events this week are Jerome Powell’s back to back semiannual monetary policy reports to Congress, starting with a Senate committee on Thursday AEST.
: “The ECB may be moving in the right direction on fragmentation, but we think more is needed for a sustainable solution - trial and error process is likely. “On the big picture, June for us is mid-year review time: we repolish our forecasts and extend the horizon to 2024. In the euro area, we remain bears on growth and we move again to the upside of consensus on 2022-23 inflation . We still expect 150bp of ECB hikes this year, but, in our base case, economy/spreads will then force a pause.
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