STOCK MARKET BLOG AUGUST 2023
by the CEO Silvano Grimaldi of the independent asset management company GRIMALDI & PARTNERS AG
MONTHLY REVIEW
The international stock markets ended the month of AUGUST with slight losses.
BURDENING FACTORS
- Downgrading by the rating agency Fitch, which lowered the USA's coveted top credit rating by one step from "AAA" to "AA+".
- Concerns about the global economy and especially the Chinese economy continue to dominate events.
- Capital market interest rates continue to rise.
EQUITIES IN FOCUS
ROCHE reports positive Phase 3 clinical results
Phase 3 ALINA trial of Alecensa in early lung cancer...................
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