Equity markets can be complex at times, and gains can occur for what morally seems the wrong reasons. Like today for example, where EU wide indices opened lower, and it took a ratchetting up of rhetoric from Russia’s Putin to get mkts motoring. Of course, Aerospace co’s benefit on the fear of military action, whilst the obvious spike in Oil helped Energy co’s lift too. Then there was a sigh of relief when the Times reported Liz Truss is to cut stamp duty on house purchases, sending anything from housebuilders themselves, to DIY & hard good related co’s such as Howden Joinery to bounce. This alongside tax & NI cuts will put money back in the pockets of the masses, in turn fuelling, you guessed it, exactly what we are trying to tackle…inflation.
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.